Norse Atlantic expects first profit in Q3

Norse Atlantic expects to record its first quarterly profit in Q3 as the airline is in full production and has ramped up activities since late May. This came too late for Q2, which in line with expectations ended with a loss. The carrier expects longer booking windows to have a positive impact on ticket sales, it said on August 31 in its Q2/HY1 earnings presentation.

During Q2 in May, Norse activated all ten Boeing 787s for its own use to double capacity and operated at full capacity for the first time in June. It launched services from London Gatwick to Orlando and Fort Lauderdale on May 25/26 and to Washington on June 1 (main picture). Rome to New York started on June 20, followed by London Gatwick to Los Angeles on June 30 and LGW to San Francisco on July 1. Consequently, capacity as in available seat kilometers (ASK) was up by 51 percent quarter on quarter, and passengers carried by 86 percent to 205K.