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.

Share article

View Comments

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.