Norwegian Air has significantly reduced its capacity in November, with loss-making routes being scrapped. The Norwegian budget company hopes that the red figures will be stopped.
Capacity decreased by 27 percent. Norwegian took more passengers on board aircraft on the remaining routes, resulting in fuller aircraft. This increases the return. Norwegian flies on European routes but also to New York. The airline also flies from Schiphol.
Last year IAG, the parent company of British Airways, Iberia and Vueling, among others, made another attempt to take over Norwegian. Those advances were rejected.
The Scandinavian airline SAS also issued a trade report. It was announced that two of the three annual financial targets were not met. SAS predicted a significantly lower growth for the new financial year.
Investors rewarded the Norwegian Air figures on the Oslo stock exchange with a price gain of 5 percent. SAS fell sharply in Stockholm after the somber reporting and plummeted around 15 percent.
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