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Norwegian trims capacity growth in bid for profitability

Low cost carrier Norwegian saw capacity growth fall last month in its bid to return profit.

Capacity grew by 15% in February, down from 35% in the same month last year.

The third largest airline at Gatwick saw carryings rise by 8% year-on-year to more than 2.5 million passengers. The load factor was 81.5%.

“The growth is now slowing down considerably, in line with the strategy of returning to profitability,” the airline said.

CEO Bjorn Kjos said: “We are very pleased with the continued passenger growth in February, a month traditionally characterised by less demand.

“Norwegian has been through a period with significant growth, but now the company will change its strategic focus from expansion and growth to profitability.

“With a stronger financial position and lower cost going forward, we are well positioned to continue to attract new customers, not least in the long-haul market.”

Norwegian operates 14 long-haul routes from Gatwick and serves more than 30 European destinations from the UK, including flights from Edinburgh and Manchester.

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