Norse Atlantic reports second quarter earnings

Norse Atlantic Airways reported revenues of $164.8 million in the second quarter of 2024, up 65% compared to the same period last year. It recorded an operating loss of $22.3 million, slightly less of a loss than last year’s $26.2 million. The company reported a net loss of $31.9 million, improving from last year’s net loss of $35.1 million. “The company is working on a revised business plan that may imply more of the fleet’s capacity and revenue being locked into longer term contracts, leaving Norse with a business model carrying lower market risk going forward,” said Norse Atlantic CEO