Airline operator Norwegian will reduce its capacity and close certain routes over the next four to six months.
The company is taking measures to get through the winter period.
This was stated by CFO Geir Karlsen at a press conference in London on Tuesday, Bloomberg News and Reuters report.
These are certain routes that are not performing ”well enough.” The company is also very focused on the current and upcoming quarters as winter is traditionally the toughest time for airlines.
Regarding the fuel issue, he further emphasized that Norwegian will "try to hedge more" for the coming summer.
Norwegian said in its quarterly report last week that it is in ”advanced discussions” with an unnamed partner about creating a joint venture for its fleet. According to Bloomberg News, a deal would involve a capital injection of 8 billion Norwegian kroner and help the company deal with the current situation of rising fuel prices and the upcoming winter season.
On Tuesday, the CFO said Norwegian does not plan to be a majority owner in the event it creates a joint venture for its fleet.
Source: News Agency Direkt
