Friday 7 Aug, 2026

Norwegian falls on the stock market after low occupancy in the plane

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Photo: Norwegian

Norska flygbolaget Norwegian faller med drygt åtta procent på Oslobörsen. Detta som resultat av novembers månads svaga passagerarstatistik.

The cabin factor, which indicates how well-filled the planes were, was 78.8 percent, the company's lowest since May 2014 and far below analysts' expectations, which according to Reuters were 82.7 percent.

”Vi har flera linjer från sommarprogrammet som förlängts till och med november vilket påverkar kabinfaktorn. En fullständig övergång till vinterprogrammet får vi först i januari efter att jultrafiken är avslutad”, skriver Norwegian NAS -15,36%s koncernchef Bjørn Kjos i ett pressmeddelande.

However, traffic growth according to the RPK measure, i.e., revenue passenger kilometers, was also disappointing. Although it rose by 26 percent, analysts had expected 33.7 percent.

”"Overall, these are weak numbers," writes Danske Bank analyst Martin Stenshall in a market letter to the bank's customers.

Overall, during the month of November, 14 percent more passengers traveled with the airline than in the same period the previous year, but the company writes that the figures are affected by the fact that a number of new flight routes were launched during the period.

Punctuality during the period was 82.5 percent, an increase of 2.3 percentage points.

Source: TT

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