Subscribe
Login
Airlines

Struggling Norwegian Thinks It Is in Better Shape for 2019

Patrick Whyte

Photo Credit: A Norwegian 787. The carrier is cutting costs to get it through the leaner European winter months. Skift

Skift Take

From the sounds of it, Norwegian's next earnings update won't be pretty but it will be hoping that it has done enough cost-cutting to put it on a sounder footing in 2019.

Despite rumors of its impending demise circulating for much of 2018, Norwegian Air managed to carry a record number of passengers over the course of the year. The airline flew 37.3 million passengers, a 13 percent increase on the prior year. Its load factor, however, fell 1.7 percentage points to 85.8 percent. Popularity has never been much of a problem for the airline, rather its aggressive expansion has saddled it with plenty of debt, causing concern for passengers and investors alike. Just before Christmas, the airline announced plans to sell aircra

Get unlimited access with Skift Pro.

Subscribe now for complete access to Skift.com's trusted coverage of the travel industry.

Apple Pay, Google Pay, Paypal, VISA, Mastercard, Discover, American Express

Already a subscriber? Login