Aviation Business News

Norwegian Group figures show increased load factor

Norwegian aircraft offering cargo opportunities
photo_camera Results are the first to be published since acquiring Widerøe

Norwegian Group has posted its most recent set of figures, which will be the first since the acquisition of regional airline Widerøe in 2023.

In January, Norwegian Air Shuttle had 1,138,621 passengers, while Widerøe had 246,326 passengers. This means that the Norwegian Group had 1,384,947 passengers in total. Norwegian increased its load factor to 83.1 percent in January, up 5 percentage points compared to the same period last year.

“For the first time, our traffic figures include those of Widerøe, and in total, Norwegian and Widerøe had 1.4 million passengers on board in the first month of the year. For Norwegian, it is very positive that the load factor increased by five percentage points compared to January last year. Demand to beach destinations continues to perform in the high-end of our expectations with many of our customers opting for some warmer Mediterranean weather,” said Geir Karlsen, CEO of Norwegian.

Norwegian had 1,138,621 passengers in January. The capacity (ASK) was 1,820 million seat kilometres, down 3 percent from the same period last year. Actual passenger traffic (RPK) was 1,512 million seat kilometres. In January, Norwegian operated an average of 63 aircraft with a regularity, meaning the share of scheduled flights taking place, of 99.0 percent. Punctuality was affected by the severe winter weather and the share of flights departing within 15 minutes of scheduled time was 76.7 percent.

READ: Widerøe’s Embraer E2 regional jet enters airline service

“Our operations during the winter season are affected by seasonal weather and particular winter storms. I would like to give thanks to the tireless effort of our colleagues, who have ensured that our disruptions are kept to a minimum, to the benefit of our many customers,” said Geir Karlsen, CEO of Norwegian.

For 2024, Norwegian have hedged jet fuel corresponding to approximately 50 percent of projected consumption at levels close to current forward prices.

In December, the Norwegian Competition Authority approved Norwegian’s acquisition of Widerøe, and the transaction was completed 12 January. Work has already begun to ensure that organisations deliver on shared goals with the aim of delivering better overall customer offerings with seamless travel and increased travel options. One example involves the changing of Norwegian’s ground handling provider to Widerøe Ground Handling, which took effect from 1 February at many airports across Norway.

 

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