Norwegian apre Roma - New York/Los Angeles/San Francisco dalla winter 17/18

AZ209

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Annunciati i risultati Q3

Norwegian (NAS) today reported a result (EBT) of 1.6 billion NOK (£149 million) for the third quarter 2018. The company continued to reduce its unit costs despite a capacity growth of 33 per cent. Going forward, the growth will abate, consequently further reducing unit cost.

The net profit for the third quarter was 1.3 billion NOK (£121 million), an improvement of 18 per cent compared to the same quarter last year. The company's unit costs excluding fuel have decreased by 10 per cent this quarter. The total revenue increased by 33 per cent to 13.4 billion NOK (£1.2 billion). In total, approximately 11 million passengers chose to travel with Norwegian in the third quarter - an increase of 11 per cent. The load factor remained high at 90.5 per cent compared to 91.7 per cent last year.

Norwegian has made significant investments in recent years, with the establishment of new bases internationally and in new markets; recruitment of several thousand employees - primarily pilots and cabin crew - the launch of many new routes and increase of frequencies on well-established routes. The strong international footprint has for instance contributed to the United States now representing the largest market after Norway in terms of total revenue.

"I am very pleased to present a solid result this quarter with a reduced unit cost despite strong growth. Going forward the growth will slow down, and we will begin to reap the large investments we have made over the years, which will benefit customers, employees and shareholders. However, there is no doubt that tough competition, high oil prices and a strong dollar will affect the entire aviation industry, making it even more important to further streamline our operations and continue to reduce costs," said CEO Bjørn Kjos of Norwegian.
fonte: Norwegian
 

AZ209

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Norwegian plots further route cuts as airline braces for winter

[FONT=effra_lightregular]Low-cost carrier Norwegian will make decisions “in the coming weeks” that may see changes to its winter schedule as it embarks on a cost-cutting push, its CFO said yesterday.
Geir Karlsen said the airline was evaluating its whole route programme, including short- and long-haul flights in the coming winter period – traditionally a challenging time for airlines.
Karlsen said Norwegian would be taking out routes that are not performing well enough, shifting capacity and taking out capacity.
Founded in 1993, the airline has grown rapidly in recent years to become the world’s fifth largest low-cost carrier, reporting a profit in July and increasing revenue 33 per cent year on year. It charmed passengers with its incredibly cheap long-haul flights, especially on transatlantic routes, though some complained of shoddy complaint handling.
It has gained an 11 per cent market share of Gatwick’s 50 million annual passengers, regularly offering flights between the UK and US for less than £200.







[FONT=effra_lightregular]Fleet renewal over the last two years has pushed the average age of Norwegian’s aircraft down to 3.7 years, and it has been named the most fuel-efficient airline on transatlantic routes (see data above), soaring above British Airways which came bottom in the International Council on Clean Transportation ranking.
But its planes still need fuel to fly, and along with airlines across the board Norwegian has struggled with rising oil prices as well as grounded planes due to problems with the Rolls Royce engines on its Boeing 787s.
It expects to spend one billion Norwegian krone (£93.6m) on compensation in 2018, Karlsen said yesterday.
“Without the engine issue our long-haul results would look very different,” he added, announcing an internal cost-saving programme aimed at saving two billion krone (£186.3m) in 2019.
Norwegian shares surged last week when it announced it was in advanced talks with an unnamed partner to help it fund aircraft it has already ordered (and potentially no longer wants). Karlsen said there would be an update on the deal before the end of the year.
In September the airline cancelled its Gatwick-Singapore route and all transatlantic services from Belfast and Edinburgh. It has instead been building up less competitive routes to and within South America.
Turbulence is rumbling across the industry. Low-cost carriers Primera and Cobalt both folded this month, highlighting the risks – rising costs, increased competition, technical problems – facing many airlines.
Last week Ryanair CEO Michael O’Leary predicted “more and larger failures this winter.”
For now – on its joint venture fleet, route changes and future profitability – Norwegian is keeping both its critics and its cheerleaders guessing.

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https://www.businesstraveller.com/b...ther-route-cuts-as-airline-braces-for-winter/
 

East End Ave

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su e giu' sull'atlantico...
latest news sui possibili tagli, anche se non ci sono grandi novita' rispetto a quanto sopra postato dal sempre ottimo AZ209 !
Ho saputo di alcuni fam trip per EWR con agenti di viaggio annullati poiche' ancora operati dal 777 Privilege...certo in questo non gli ha detto bene, come a BA, NH etc...pur vero che avevo compreso che i danni li pagasse RR! O no?

Norwegian to cut routes to offset oil and engine costs

Norwegian Air is finalising cuts to its flying programme for this winter and next summer as the carrier struggles with the high fuel price and engine problems with its long-haul fleet.

Geir Karlsen, Norwegian chief financial officer, confirmed: “We are evaluating the whole route programme – long-haul and short‑haul. Winter will be challenging market-wise and with the fuel prices we see. We will take out routes that are not performing.”

The capacity reductions will come in the first months of 2019. Karlsen said: “We will make decisions in the next weeks.”

The carrier will also announce “an adjusted summer [2019] programme” this month, a Norwegian spokesman confirmed.

Karlsen acknowledged: “We are struggling with our on-time long-haul performance – much of it engine-related. We have experienced issues with the Rolls-Royce engines on our [Boeing] 787s [and] that looks like continuing.”

The airline has paid “significant amounts” in compensation to passengers for delays and cancellations, he said, adding: “We will pay close to NOK1 billion (£95 million) by the year end.”

Karlsen added: “We are struggling with high oil prices. We initiated an internal cost-saving programme to save NOK2 billion (£190 million) in 2019.”

He conceded Norwegian has yet to finance the new aircraft it has due for delivery in the first half of next year. The airline is looking to shed up to 140 aircraft and shift its future aircraft orders to a leasing company which it hopes to set up with a joint-venture partner.

Karlsen joined Norwegian in April 2018. He insisted: “We have a meticulous focus on cost reduction.”
 

belumosi

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Annunciati i risultati Q3
Con molta calma, hanno pubblicato i dettagli del Q3.
La cosa che più balza all'occhio, è che il totale delle liabilities è schizzato in un anno da 38.4 a 51 MLDNOK, 2/3 dei quali sono prestiti (la maggior parte a lungo termine).
Per la cronaca i 51 MLDNOK corrispondono a circa 5.32 MLD€. Praticamente una bomba ad orologeria.
Immagino la gioia di chi, pur di non farla esplodere rimettendoci un capitale, è costretto ad alzare la posta prestando altri soldi.
Vedremo fino a che punto il gioco andrà avanti.

https://www.norwegian.com/globalass...im-reports/norwegian-q3-2018-presentation.pdf
 

ripps

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Norwegian Air ha accettato di vendere cinque aerei Airbus SE A320neo in in modo da aumentare la liquidità tra una contrazione del cash
e l'aumento dei prezzi del petrolio.
L'unità Arctic Aviation Assets del vettore ha firmato un accordo per i velivoli, che attualmente sono noleggiati ad
un altro operatore, ma senza nominare l'acquirente.
L'operazione alzerà la liquidità di 62 milioni di dollari dopo il rimborso del debito e avrà un effetto economicamente positivo.
«I ricavi di vendita saranno utilizzati per rimborsare il debito e aumentare la liquidità della società»,
ha detto la società in un comunicato, aggiungendo che gli aerei saranno consegnati nel quarto trimestre.

http://www.travelquotidiano.com/tra...are-debito-aumentare-la-liquidita/tqid-329011
 

DusCgn

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Il volo FCO-EWR diventa FCO-JFK con il passaggio a fine mese da summer a winter.

Idem BCN.

Così facendo tutti i voli da NY di Norwegian (AMS, MAD, ARN, CPH, OSL, CDG, LGW, ATH le altre) saranno concentrati al JFK.
 

DusCgn

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Hanno caricato le due rotte californiane da Roma per la S20.

LAX passa da 4 a 5 voli settimanali
OAK confermata 3 voli settimanali (al momento rimane l'ultimo volo caricato insieme a OSL a operare da OAK ; BCN e CDG si trasferiscono a fine mese a SFO aggiungendosi a LGW mentre per ora CPH e ARN non sono caricate da nessuno dei due aeoporti)
Erano invece già state caricate BOS 4xw e JFK daily (che come segnalato sostituisce EWR).











A parte BOS le altre 3 risultano curiosamente operate da Norwegian Air Sweden