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Norwegian reports strong passenger figures in January
Monday, February 11, 2008
The total number of passengers flown in January 2008 with Norwegian was 503,646 compared to 420,779 last year, an increase of 82,867 passengers (20 %), and a 37 % increase in passenger traffic as the carrier stated.

The increase in passenger traffic, production and passengers is related to the company's expansion in well established markets and to the introduction of new routes from February 2007 to January 2008, as well as adjustments in production capacity and a steady increase in passengers.

Domestic passenger traffic increased by 8 % and capacity increased by 9 %, resulting in a cabin factor of 74 % which is equivalent to last year.

International passenger traffic increased by 52 % and capacity increased by 40 %, giving a cabin factor of 75 %, a 6 pp increase from the same period last year.

The operation in Poland continued to show improvement compared to the same period last year.

Certain routes in the Scandinavian / Nordic region continue to show pressure on yield from increased competition. Furthermore, the growth in international capacity and share of international production also continue to cause larger seasonal fluctuations compared to last year.

The yield is estimated at NOK 0.55 for the period (-16 %). The yield development is for a large part due to changes in the route portfolio mix, with an increased average flying distance of 8 %. The 3 pp increase in cabin factor offsets the change in yield, adding to unit revenue.

Internet sales accounted for 89 % of tickets sold in January.

FlyNordic reports 112,878 passengers in January

The total number of passengers flown by FlyNordic in January 2008 was 112,878.

FlyNordic's charter operation and scheduled traffic are included in the traffic numbers.

Vicky Karantzavelou - Monday, February 11, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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