May 7, 2019 / 6:10 AM / 2 months ago

Norwegian Air's April passenger income beats expectations

OSLO, May 7 (Reuters) - Norwegian Air’s income per passenger grew more than expected in April and its aircraft filled up at a faster pace than analysts had expected, the carrier’s monthly traffic report showed on Tuesday.

While analysts had anticipated an income boost, their forecasts were subject to uncertainty due to a strike among pilots at rival SAS and the grounding since March of Norwegian’s Boeing 737 MAX jets.

Norwegian’s April yield, a measure of revenue per passenger carried and kilometres flown, rose to 0.41 Norwegian crown ($0.0471) from 0.33 crown in March, while analysts in a Reuters poll expected an increase to 0.38 crown.

The airline’s load factor, showing how many seats are sold on each flight, stood at 86.1 percent for the month, beating a forecast of 85.9 percent and up from 83.0 percent a year earlier. ($1 = 8.7100 Norwegian crowns) (Reporting by Terje Solsvik and Izabela Niemiec, editing by Nerijus Adomaitis)

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