Norwegian has doubled pre-tax profits for the second quarter of 2016.
The airline reported EBT profits of NOK 930 million (£83m), doubling the result of NOK 456 from the same period the previous year.
The load factor for this period was 88 per cent, up three per cent from 2015.
During the second quarter of 2016, the airline carried 7.7 million passengers, an increase of 11 per cent.
Norwegian’s strongest growth in terms of passenger numbers was Stockholm Arlanda, London Gatwick and its Spanish bases. During this quarter, it established a new base in Palma, and the company now flies a number of domestic routes in Spain.
During the second quarter, Norwegian’s total revenue was NOK 6.6 billion (£594million), up 13 percent from the same quarter last year
“I am very pleased with the improved result and record high load factor for this quarter. However, we have had significant additional costs for leasing of aircraft and passenger compensation. Over the summer, we will phase out the wet-leased aircraft,” said Norwegian’s CEO Bjørn Kjos.
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