Norwegian reports Q2 profit

Norwegian (NAS) has reported its second quarter earnings for 2018 with a net profit of NOK 300 million. The net result compared to a loss of NOK 691 million in the second quarter last year. The result is affected by a reduction in unit costs, which has decreased by nine percent this quarter, and with 19% excluding fuel. One-offs have also this quarter contributed to the cost reduction. The costs are lower despite Norwegian’s highest ever production growth (ASK) of 48% and increasing fuel prices. Norwegian’s traffic growth (RPK) this quarter was 46%. Going forward, the growth will slow down