Norway's ticket prices fall for the third consecutive month – DN.no



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The Norwegian airline reported traffic figures for June Thursday morning.

They show that the company shipped 3.5 million passengers in June, against three million passengers in the same month last year. This corresponds to an increase of 14%.

The percentage of seats on board (cabin factor) was 90.5%, up 0.8 percentage points from the same period last year. Total passenger traffic (PKP) increased by 44%.

Norwegian Chief Bjørn Kjos comments on the figures as follows:

– Capacity growth remains high, but according to the strategy, it is now declining somewhat compared to previous months. After a long period of strong growth, we will soon be able to reap what we have sown, which will benefit customers, employees and shareholders. "

Ticket prices continue

The most strained financial returns If ticket receipts decrease, it means that profits on the note will be lower and this could affect profit in Norwegian. [19659002] In June, revenue per passenger per kilometer decreased by 4% over the same month the previous year, yield in June was NOK 0.42.

Another revenue target, RASK (income per seat per kilometer), fell four percent to 0.38 kroner.

Developments follow after the price level dropped unusually in April, when average prices fell by 16 percent compared to the previous year. Previous year Also in May, ticket prices fell by six percent so June is the third consecutive month with lower ticket prices for the airline.

Norwegian performed 99.4% scheduled flights in June. Oncuality was 70.9%, strongly influenced by a number of airlines in Europe

Costs of failure

In recent years, the Norwegian has explained some of the decline in income levels. therefore spread over several kilometers. In June, average travel time increased by 19% over last year.

The same development, on the other hand, has not been in terms of costs, and the decline has flattened out in recent years. The cost level (CASK, cost per seat per kilometer), excluding fuel, has been virtually unchanged since the beginning of 2014, if the figures for the first quarter of this year are used.

In addition, the fuel consumption of new aircraft is generally low. (Terms)

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