Notice of Annual General Meeting of Norwegian
The Annual General Meeting of Norwegian Air Shuttle ASA will be held on May 11 2010 at 5:00 PM. Detailed information is enclosed to this notice.
The Annual General Meeting of Norwegian Air Shuttle ASA will be held on May 11 2010 at 5:00 PM. Detailed information is enclosed to this notice.
Norwegian's Annual Report for 2009 is now available on www.norwegian.com/annualreport2009.
The total number of passengers flown in March 2010 was 1,021,063 compared to 787,003 last year, an increase of 234,060 passengers (30 %). Compared to the same period last year: - Total passenger traffic (RPK) increased by 38 % - Total capacity (ASK) increased by 34 % - The load factor was 78 %, up 3 p.p.
Norwegian continues its strong passenger growth. In March, 1 021 063 passengers chose to fly with Norwegian, a 30 percent increase from the same period last year. In line with the number of passengers and total production, the load factor improved by 3 percentage points.
We are very pleased that the Court of Appeal has ordered SAS to pay Norwegian close to NOK 175 million (approx 22 million EUR) in damages for the industrial espionage that we were exposed to, said CEO of Norwegian, Bjørn Kjos. Borgarting Court of Appeal has ordered SAS to pay damages of NOK 160 million, in addition to legal costs for the District Court and the Court of Appeal.
Borgarting court of appeals today rendered its judgment on the case between Norwegian Air Shuttle ASA and SAS Scandinavian Airlines Norge AS and SAS AB (publ.).
The total number of passengers flown in February 2010 was 834 884 compared to 669 469 last year, an increase of 165 415 passengers (25 %).
Compared to the same period last year:
- Total passenger traffic (RPK) increased by 28 %
- Total capacity (ASK) increased by 32 %
- The load factor was 76 %, down 2 p.p.
Please see the attached report and press release for further informati
Norwegian continues the strong passenger growth. 834 884 passengers chose to fly with Norwegian in February, a 25 percent increase from the same period last year. More than 11 million passengers have traveled with the company during the last 12 months.
Norwegian continues to expand its base in Stockholm and launches direct flights to London/Gatwick, Edinburgh and Munich, three destinations which are appealing to both business and leisure travellers. The new direct flights will increase Norwegians presence in the Swedish market, as the company is adding an eighth aircraft to the Stockholm base.
Fourth quarter revenue up by 8 % to MNOK 1,749.8 (1,614.7).
Earnings before depreciation and leasing (EBITDAR) in the fourth quarter were MNOK 204.5 (-45.0)
Earnings before depreciation (EBITDA) in the fourth quarter were MNOK 50.3 (-168.8).
Net result after tax in fourth quarter was MNOK 0.8 (-137.5).
Ancillary revenue pr pass
Today, Norwegian presents the best annual result in the company’s history. The net result after tax amounted to 446 MNOK. The last quarter was also the best Q4 ever. During 2009, Norwegian had a strong passenger growth and carried 10.8 million passengers, an increase of 18 per cent compared to the previous year.
Norwegian is strengthening its route network in the Nordic region. For the first time, Norwegian will launch direct flights from Oslo and Stockholm to Helsinki. The new direct flights are part of the strategy to become a strong player in the Nordic market.