Lead passenger decline continues on Norwegian – E24

Norwegian carried 124,481 passengers in November, a 95 percent decrease from the same period last year. It comes from the traffic numbers that came up this morning.

Total capacity (ASK) was down 96 percent, while passenger traffic (RPK) was 98 percent lower.

The fill rate was 44.4 percent, a reduction of 39 percentage points.

– The pandemic continues to have a negative impact on our operations. With travel restrictions across Europe, demand is very low, Norwegian CEO Jacob Schram says in the report.

But the Norwegian chief now sees the light at the end of the tunnel.

– However, it is very good news for aviation that there will be vaccines soon, and we will participate in the customer contest when the opportunity to travel returns. Our goal now is to establish an economically sound and competitive airline with a new financial structure, an adapted fleet size, and an improved offering for our customers, says Schram.

In total, Norwegian completed 72.7% of scheduled flights in November, of which punctuality was 94.8%.

The company has launched the summer program and has already seen positive trends in orders, the company says.

It will reach 4 billion.

On Thursday, it was announced that the crisis-stricken airline will raise up to $ 4 billion in fresh money. At the same time, they announced that the company is considering filing for bankruptcy protection in Norway.

The new contingency plan will be submitted to Irish law. The airline has filed for bankruptcy protection in Ireland.

Norwegian’s plan also means that the company wants to get “hourly energy” deals through 2022. These are deals, meaning that Norwegian only pays for the leased aircraft in its fleet when they actually use them.

The company has today reached such an agreement with several leasing companies, but it only applies until Easter 2021.

Such an agreement significantly reduces the airline’s expenses at a time of low traffic and therefore low income.