Norwegian Air slashed November traffic to stem losses

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Norwegian Air slashed November traffic to stem...
 © In-Cyprus 2020
Norwegian Air cut its flight programme last month, removing unprofitable routes in a bid to stem the budget carrier’s losses, its traffic report showed on Thursday.

Overall capacity, a measure of distance flown and the number of seats available (ASK), fell by 27% year on year, it said. Analysts in a Reuters poll had on average expected a 23% fall.

The move helped Norwegian fill remaining flights, raising the number of seats sold on each aircraft and boosting its yield – income per passenger carried and kilometre flown – by 12% to 0.37 Norwegian crown...


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Norwegian Air slashed November traffic to stem losses


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Article Tags: norwegian, slashed, november, traffic, losses,