Subjects: Freight, Transport
COVID-19 heavily influences Norwegian’s January traffic figures
Norwegian’s traffic figures for January are heavily influenced by lower demand caused by continued travel restrictions across Europe.
Norwegian appreciates support from the Norwegian Government
Norwegian is pleased to announce that the government of Norway has decided to support and contribute to the airline’s funding of new capital, pending certain conditions. This move significantly increases Norwegian’s chances of working through the crisis caused by the pandemic and to position itself as a key player within Norwegian and European aviation.
Norwegian to focus on a strong European network
Norwegian’s Board of Directors has today outlined a simplified business structure and dedicated short-haul route network. With this plan, Norwegian can build a robust and solid company that will attract investors and continue to serve new and existing customers.
Norwegian’s traffic figures heavily impacted by COVID-19
Norwegian’s traffic figures for December are heavily influenced by lower demand caused by continued travel restrictions across Europe. However, Christmas bookings were positive.
Norwegian initiates reorganization process in Norway
Norwegian has today filed for a reconstruction under Norwegian law. This process will coexist with the Irish Examinership process.
COVID-19 continues to impact Norwegian’s traffic figures
Norwegian’s traffic figures for November are heavily influenced by lower demand caused by continued travel restrictions across Europe. Christmas bookings look promising.
Norwegian initiates a reorganization plan with its daughter companies Norwegian Air International and Arctic Aviation Assets seeking protection under Irish Examinership
Norwegian Air Shuttle ASA (“Norwegian”) has decided to initiate an examinership process in Ireland relating to its subsidiary Norwegian Air International Limited (NAI), its wholly-owned asset company Arctic Aviation Assets DAC (AAA) and some of AAA’s subsidiaries; Norwegian will also enter in and get protection of the Irish Examinership process as a related party.
Norwegian third quarter results heavily impacted by COVID-19 – net loss of NOK 980 million and 91 per cent reduction in customers year on year
OSLO (NOVEMBER 10, 2020) – Norwegian today reported its third-quarter 2020 results. As anticipated, these were heavily impacted by the COVID-19 pandemic with a net loss of NOK 980 million. Norwegian carried approximately one million customers, a decrease of 91 percent compared to the same period last year showing a slight improvement on the previous Q2 decrease of 99 percent. Norwegian continued t
Norwegian forced to furlough an additional 1,600 employees following the government’s decision not to give further support
Norwegian is forced to furlough employees and reduce capacity considerably following the government’s decision to not support the company financially to get through the corona crisis while simultaneously imposing travel restrictions that actively discourage passengers from traveling.
Norwegian is very disappointed about lack of government support
The government of Norway today announced that Norwegian will not receive further financial support, which Norwegian had clearly communicated was necessary to maintain operations throughout the Covid-19 crisis.
COVID-19 continues to heavily impact Norwegian’s traffic figures
Norwegian’s traffic figures for October are heavily influenced by lower demand caused by continued travel restrictions across Europe, with several new red zones.
Norwegian is voted Europe’s Leading Low-Cost Airline 2020 for 6th consecutive year
Norwegian has been named Europe’s Leading Low-Cost Airline 2020 for the sixth consecutive year at the 27th annual World Travel Awards, one of the travel industry's most prestigious awards. The awards were established in 1993 to acknowledge, reward and celebrate excellence across all key sectors of the travel industry and they are recognized globally as the ultimate hallmark of industry excellence.
COVID-19 heavily impacts Norwegian’s September traffic figures
Norwegian’s traffic figures for September are heavily influenced by lower demand caused by new and stricter travel restrictions across Europe.
Norwegian Air commits to reduce CO2 emissions by 45 percent by 2030
Norwegian has launched a new environmental sustainability strategy that will begin immediately and deliver several industry leading targets. Cutting CO2 emissions by 45 percent, remove all non-recyclable plastics and recycle all single-use plastics are key commitments in the new strategy. The goal is in line with the 1.5°C (2.7°F) target set forth in the Paris Agreement.
Norwegian's August 2020 traffic figures heavily influenced by travel restrictions and drop in demand
Norwegian’s traffic figures for August are heavily influenced by the COVID-19 outbreak and the subsequent travel restrictions and drop in demand. In August, capacity was 94% lower than last year, while the flights that were operated had a load factor of 62.1%.
Norwegian finalizes recapitalization and secures state aid
Norwegian confirms that the restructuring is completed and that the state loan guarantee of in total NOK 3 billion has been approved. The company has now converted NOK 12.7 billion of debt to equity and laid a solid foundation for the future, although the next months will remain challenging.
Norwegian Reward Named Airline Loyalty Program of the Year for the Fourth Consecutive Year
Norwegian Reward, the award-winning loyalty program of Norwegian Air, has been named Airline Program of the Year Europe & Africa for the fourth consecutive year. In total, Norwegian Reward scored four Freddie Awards, a new record for the loyalty program, while being runner up in the two remaining categories.
Norwegian’s pilot and cabin crew companies in Sweden and Denmark file for bankruptcy
Due to the ongoing spread of COVID-19 almost all of Norwegian’s flight operations have been cancelled, while the costs for aircrew remain. The pilots and cabin crew in Scandinavia are employed in subsidiaries in the Norwegian Group. Despite the measures that the company has already taken to reduce costs, the Board of these companies are left with no choice but to apply for bankruptcy.
Norwegian aims to strengthen its balance sheet by converting debt to equity; Notice of extraordinary general meeting
Norwegian aims to strengthen its balance sheet by converting debt to equity to meet the requirements of the Norwegian state guarantee program and create a sustainable platform taking into account current shareholders and creditors alike.
Norwegian Air's March traffic figures heavily influenced by COVID-19 measures
The global outbreak of COVID-19 that took hold across the aviation industry throughout March has heavily influenced Norwegian´s traffic figures. The company experienced a dramatic drop in demand following government-imposed travel restrictions and a general travel decline.