NAS Confirms $40m Q2 2015 Net Profit

Low-cost carrier Norwegian Air Shuttle (NAS) has reported a net profit of NOK325m ($40m) for the second quarter of 2015.

Low-cost carrier Norwegian Air Shuttle (NAS) has reported a net profit of NOK325m ($40m) for the second quarter of 2015.

In results announced on Thursday (July 16), NAS said lower fuel prices and higher passenger revenues contributed to it improving on its Q2 2014 net profit of NOK128m ($15m).

Passenger numbers increased by nine per cent to nearly seven million, while overall revenues amounted to NOK5.9bn ($717m), a year-on-year increase of 16 per cent.

NAS’ Q2 load factor rose to 85 per cent, a five point increase from the same quarter last year.

For its long-haul operation, the airline said it more than doubled the number of passengers to 324,000 for the quarter, with a load factor of 91 per cent.

TAGS: Europe
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