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Norse Atlantic Airways releases summer 2023 routes; reports enhanced October performance

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Norse Atlantic Airways releases summer 2023 routes; reports enhanced October performance

Norse Atlantic has released its Summer 2023 schedule that includes popular routes between Europe and New York, Fort Lauderdale and Los Angeles are now available through to October 2023.

Further new routes and destinations for the summer will be announced in December and early 2023.

The initial summer schedule, which operates between March and October 2023, includes: Oslo to New York JFK, three times a week, Oslo to Fort Lauderdale, twice a week, Oslo to Los Angeles, twice a week, and Oslo to London Gatwick, daily. Norse will also fly from London Gatwick to New York, daily, and London to Oslo, daily. From Berlin, Norse will fly to New York JFK, four times a week.

“Customers are now able to plan ahead and book their summer travels to our popular destinations with the initial launch of our summer route network. Whether travelling for work or leisure our direct flights offer exceptional value in both our Premium and Economy cabins. In the coming months we will be announcing other new and exciting destinations for the summer 2023 network and we look forward to sharing those details very soon,” said Bjorn Tore Larsen, CEO Norse Atlantic Airways.

Norse Atlantic exclusively operates Boeing 787 Dreamliners in a two-cabin configuration, Premium and Economy.

The airline’s load factor increased to 60% in October, an increase of four percentage points compared to the previous month. Winter network reductions, implemented late October, will have a further positive impact on load factor and yield during the season, said the airline.

During the month of October, the US Department of Transport proposed to grant Norse Atlantic UK a foreign air carrier permit. Following the recent issue of a UK Air Operator Certificate by the UK Civil Aviation Authority, this historic milestone will pave the way for the company to commence direct transatlantic operations between the United Kingdom and the United States. The US DOT highlighted that Norse Atlantic UK had demonstrated that it was a financially and operationally sound business; it was also concluded that it was clearly in the interest of US citizens that Norse UK be allowed to operate.

“The quick and decisive action to scale down our network in line with demand and to focus on core routes for the winter season puts Norse Atlantic in a much stronger position during the months ahead. We are very pleased to see that certain core routes on our current network are now reaching 85 per cent load factor with forward bookings also continuing to show a positive trend,” said Bjorn Tore Larsen, CEO Norse Atlantic Airways.

Norse Atlantic Airways signed a term sheet for sublease of a fifth aircraft in October, a Boeing 787-8, for a total lease period of 18 months. The agreement will increase total cash profit during the sublease period and is in addition to the previously announced four aircraft that have been subleased. During the month the airline additionally received the sixth and final Boeing 787-9 from lessor BOC Aviation signifying the conclusion of the delivery schedule from the company.

Cargo revenues continue to be a key income stream for Norse and the average cargo revenue per operated flight increased 12% compared to September and 60% compared to August, while on an aggregate basis total net cargo revenue was flat month-on-month and up 82% compared to August.

During October, Norse Atlantic Airways operated a total 307 flights, which represents a 9% decrease compared to September, while there was 14% decrease in the available seat kilometres flown month-on-month following a planned reduction in the network as we head into the winter season. Some 75% of operated flights arrived within 15 minutes of the scheduled arrival time, the same as the prior month.

Norse Atlantic carried 60,836 passengers in October, representing a three per cent decrease compared to the previous month as a result of the nine per cent reduction in number of flights.