Tag: Bjørn Kjos

Boeing 737 Max grounding continues to affect Norwegian

Boeing 737 Max grounding continues to affect Norwegian

Norwegian has reported that its second quarter (Q2) results were characterised by reduced growth and improved profitability which it said was in line with the company’s strategy. The airline said the negative impacts on production, demand, operating expenses of the grounding of its Boeing 737 ...

Norwegian CEO Bjorn Kjos steps down, Geir Karlsen appointed interim CEO

Norwegian CEO Bjorn Kjos steps down, Geir Karlsen appointed interim CEO

After 17 years as the chief executive officer (CEO) of Norwegian - Bjørn Kjos - will leave the position and continue in a new role as an advisor to the chairman from 11 July. Until Norwegian appoints a new CEO, chief financial officer (CFO) Geir Karlsen will act as interim CEO, while chairman N...

Norwegian sees traffic fall in June due to 737 Max grounding

Norwegian sees traffic fall in June due to 737 Max grounding

Norwegian carried almost 3.5 million passengers in June - nearly 22,000 less than the same month - as grounding of its 737 Max fleet impacted traffic results. However, the airline's unit revenue improved by 10 per cent compared to the same month previous year. The total traffic (RPK) increas...

Norwegian reports improved unit revenue and on-time performance in May

Norwegian reports improved unit revenue and on-time performance in May

Norwegian carried almost 3.4 million passengers in May and the airline's on-time performance improved for the ninth consecutive month. A total of 3,362,413 passengers chose to fly with Norwegian in May; 59,047 less than the same month previous year. The total traffic (RPK) increased by...

Norwegian reports increased revenues and reduced losses in Q1

Norwegian reports increased revenues and reduced losses in Q1

Norwegian has reported a net loss of NOK 1,489 million for the first quarter (Q1) of this year while it also said it reduced costs, increased revenue and significantly improved on-time performance. The company’s unit cost excluding fuel decreased by eight per cent during the same period. The t...

Norwegian CFO becomes deputy CEO

Norwegian CFO becomes deputy CEO

Norwegian has appointed chief financial officer (CFO) Geir Karlsen as deputy chief executive officer (CEO). Karlsen joined Norwegian as CFO in April 2018. He has extensive experience from listed companies within shipping and offshore. Karlsen has over the last 12 years held various CFO positions ...

Norwegian CEO: We will not take the cost related to the new aircraft we have to park

Norwegian CEO: We will not take the cost related to the new aircraft we have to park

Norwegian chief executive officer (CEO) Bjørn Kjos said the airline will not pay for the costs related to the suspension of its 18 Boeing 737 Max 8 aircraft. The carrier operates the aircraft mostly for trans-Atlantic flights between Europe and the East Coast of the US. The airline has also orde...

Norwegian set to seek compensation from Boeing over 737 Max 8 suspension

Norwegian set to seek compensation from Boeing over 737 Max 8 suspension

Cash-strapped Norwegian will reportedly seek compensation from Boeing for loss of revenue and the extra costs it has run up after Europe banned use of the 737 Max 8 yesterday. The airline operates 18 of the aircraft type in its 162-strong fleet but has been struggling financially and will take a ...

Norwegian reports huge loss in Q4

Norwegian reports huge loss in Q4

Norwegian has reported its fourth quarter (Q4) figures plunged to a loss of NOK 3 billion ($350 million) from a deficit of NOK 713 million a year ago. For the full year in 2018, the company’s loss stood at NOK 1.45 billion, a small improvement on the 1.79 billion crowns it lost in 2017. Revenue...

Norwegian’s traffic up 13% in January

Norwegian’s traffic up 13% in January

Network growth helped propel Norwegian to welcome 2.6 million passengers in January - an increase of 13 per cent compared to the same month previous year. A total of 2,638,958 passengers chose to fly with Norwegian in January, 305,026 more passengers than the same period last year. The total traf...

Norwegian raises shareholder cash as it changes focus from growth to profitability

Norwegian raises shareholder cash as it changes focus from growth to profitability

Cash-strapped Norwegian has raised three billion Norwegian krone (£268 million) from shareholders and said it changing its strategic focus "from growth to profitability". The carrier has been synonymous over the last few years for opening new routes and buying aircraft, but has recently sold air...

Norwegian flies more than 37 million passengers in 2018

Norwegian flies more than 37 million passengers in 2018

Norwegian has reported its highest ever passenger figures in a single year with more than 37 million passengers and a load factor of 86 per cent in 2018. The launch of 35 new routes, the delivery of 25 brand new aircraft and a substantial increase of intercontinental traffic contributed considera...

Norwegian reports strong passenger growth in November

Norwegian reports strong passenger growth in November

Norwegian reported strong passenger growth as it carried almost 2.9 million passengers in November - an increase of 14 per cent compared to the same month previous year. The airline carried 2,877,549 passengers in November, a rise of 357,329 compared to the same month last year. The total traffic...

Norwegian reports continued passenger growth in October

Norwegian reports continued passenger growth in October

Norwegian carried almost 3.4 million passengers in October - an increase of eight per cent compared to the same month the previous year - driven by growth on long-haul routes. The airline welcomed 3,388,898 passengers in October, an increase of 240,387 compared to the same month last year. The to...

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