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When Norwegian released the third quarter figures, the accounts showed that the cost of aviation fuel had increased 85% over the same quarter of last year.
The airline then announced that it had consolidated 31% of its expected consumption over 2018 to $ 555. tonnes and 22% of the forecast consumption in 2019 of 663 dollars tonnes.
The price of jet fuel, known as jet fuel, has since declined by almost 15% from about $ 785 a year. ton, and now stands at around $ 670. tons, a little depending on where you buy aviation fuel in the world. This also equates to an aviation fuel price of $ 85 barrel (159 liters).
Plane falls less
Oil prices reached $ 86 in October and to this day, they have fallen by 30%, while The aviation fuel index dropped by about half, from 270 to 230.
A 30% cheaper fuel can yield around 3.6 billion Norwegian kroner at lower annual costs, writes Dagens Næringsliv, which refers to the latest quarterly report of the airline.
As the crown has weakened by about five percent against the dollar, it represents a loss of 850 million euros. In total, this will result in an annual saving of 2.7 billion crowns for the airline.
However, precipitation depends on the price of aviation fuels and the amount of Norwegian consumption that has been tied in time.
Have enough money?
Millions of savings can mean that Norwegian chef Bjørn Kjos can not get more capital because of lower profitability and high debt, since oil prices do not do not go up, writes DN.
"The drop in oil prices is good news for all airlines, including us," said Anne-Sissel Skånvik, director of communication in Norwegian.
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