Best ever quarterly result for Norwegian

Low fare airline Norwegian reports a Q3 pre-tax profit of almost 900 million NOK. This is the company’s best quarterly result ever.

It is an improvement of 187 million NOK from previous year.

According to a press release, new aircraft have saved the airline 28 million NOK in fuel costs compared to the third quarter in 2011.

The airline also announced that it will establish a new base of operations at London’s Gatwick Airport in spring 2013. It will also establish a new base of operations at Alicante, Spain.

Norwegian will offer flights to several Mediterranean destinations and the Nordic region from London.

Norwegian is already a significant player at London Gatwick. With more than 100 weekly departures between the Nordic region and London, the British capitol is Norwegian’s most popular destination outside its home market.

“By establishing a new base in London, Norwegian will be positioned to meet the future competition on short-haul routes within Europe as well as long-haul routes globally. Growth and volumes are necessary to stay competitive in the airline industry,” said CEO Bjørn Kjos of Norwegian.

Associated companies:


Related news

Latest news

Jotne Subsea Gas Lift for Balder Field

In April 2015, Jotne E&P was awarded an EPC contract to build the subsea gas lift manifold for Exxon Mobil on the Balder Field.

Jotne Awarded Contract for Subsea Protection Structure

In January 2016, Jotne E&P was awarded a contract for the delivery of a subsea protection structure and GRP cover for a Xmas tree at Balder field. The contract was awarded by Ocean Installer.

UiB and CMR in high-tech collaboration

Students from UiB last month joined an experiment with an ultra-high-speed camera. This was a part of the troubleshooting of the Field Kelvin Probe currently under development.

Hatteland Display at International Workboat Show 2016

Hatteland Display are highlighting its diverse portfolio of maritime displays and panel computers on its booth (#1658) at the International Workboat Show 2016 (IWBS 2016) this week.

Servogear Announces Upcoming Events

Servogear announces a busy end of November, beginning of December. They will be participating at important international exhibitions.

Teamtec and ANDRITZ Cooperation

ANDRITZ and TeamTec have signed a cooperation agreement for worldwide marketing of the SeaSOx exhaust gas cleaning system for the maritime industry. 

Export Credit Norway looking for Norway's Best Exporter

Export Credit Norway  has now opened the nomination process for the 2017 Export Award, searching the Norwegian exporter of the year. 

Global Economic Outlook

7 December, Oslo Chamber of Commerce invites to a session with insightful updates on the Norwegian and international economy.

Rebuilding for Hydrogen

M/Y “Che Guevara”, previously owned by Gaddafi, will be converted to run on hydrogen. Greenstat will lead the project and are seeking partners.