Norwegian reports third quarter net profit of NOK 993m

Norwegian (NAS) reported its best quarterly results ever. The net profit was NOK 993m (£99m), an improvement of NOK 160m compared to the same quarter the previous year. The load factor was 91% and the performance was positive in all markets, with Spain boasting the strongest passenger growth. In the third quarter, Norwegian carried 8.6 million passengers, an increase of 12%. Norwegian’s strongest growth in terms of passengers was in Spain, primarily driven by Spanish domestic routes. Spain is now the second largest market for Norwegian in terms of passenger figures. The number of American passengers is also increasing. During the third quarter, Norwegian commenced flights between Paris and several U.S. cities and announced new routes between Barcelona and the U.S.