Norwegian has reported its best quarterly results.
Net profit was NOK 993 million (£99m), an improvement of NOK 160 million (£16m)
The load factor was 91 percent and the performance was positive in all markets, with Spain boasting the strongest passenger growth.
In the third quarter, Norwegian carried 8.6 million passengers, an increase of 12 per cent. Norwegian’s strongest growth in terms of passengers was in Spain, primarily driven by Spanish domestic routes. Spain is now the second largest market for Norwegian in terms of passenger figures.
The total revenue for this quarter was NOK 8.4 billion, up 15 per cent from the same quarter last year. Norwegian’s production growth (ASK) and traffic growth (RPK) were 17 percent.
Earlier this week, transport minister John Hayes said the UK government would continue to put pressure on the US to approve Norwegian’s application for transatlantic flights.
The low-cost airline has been waiting for approval to operate flights to the US from its UK subsidiary for over a year, and from its Irish subsidiary for an unprecedented three years.
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