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Best ever quarterly result for Norwegian

Low fare airline Norwegian reports a Q3 pre-tax profit of almost 900 million NOK. This is the company’s best quarterly result ever.

It is an improvement of 187 million NOK from previous year.

According to a press release, new aircraft have saved the airline 28 million NOK in fuel costs compared to the third quarter in 2011.

The airline also announced that it will establish a new base of operations at London’s Gatwick Airport in spring 2013. It will also establish a new base of operations at Alicante, Spain.

Norwegian will offer flights to several Mediterranean destinations and the Nordic region from London.

Norwegian is already a significant player at London Gatwick. With more than 100 weekly departures between the Nordic region and London, the British capitol is Norwegian’s most popular destination outside its home market.

“By establishing a new base in London, Norwegian will be positioned to meet the future competition on short-haul routes within Europe as well as long-haul routes globally. Growth and volumes are necessary to stay competitive in the airline industry,” said CEO Bjørn Kjos of Norwegian.

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