Norwegian CEO says airline is “very well off this year” and will be in future

posted on 22nd June 2018 by yumna
Norwegian CEO says airline is "very well off this year" and will be in future

CEO of Norwegian Airlines, Bjorn Kjos, recently shook off the financial losses of last year and said the airline is “very well off this year” and will continue to be so in the future.

In an interview at ACI Europe’s general assembly, Kjos was slightly apprehensive to name figures, but seemed confident that the airline would be financially sound in the near future.

After rapidly growing its fleet following its long-haul expansion in 2013, the CEO stated that Norwegian are now content with how its operations have scaled. The airline still has 220 aircraft on order, which is the second biggest orderbook in Europe after Wizz Air.

Kjos said that the airline is focusing on costs “not revenue” at the conference and the money spent on aircraft orders was well-placed as airlines “need size to stay alive”.

IAG, parent company of British Airways, recently acquired a minority stake in Norwegian which led the airline’s stocks to rise after IAG called the company an attractive investment.

Aside from business trends and financial matters, Kjos stated that airlines must not be “conservative to adaption” and Norwegian is currently focus on connectivity – especially short-haul – and more access.

After launching a new long-haul service to Argentina, the CEO stated that South America is still under-served, especially in terms of short-haul travel.

As well as its long-haul network, the airline is also looking to grow its short-haul network, giving passengers better access to connecting services. A bigger link-up with low-cost carrier easyJet was brought into question, but the executive gave no clear indication if it would be further partnering with easyJet.