Norwegian Air Shuttle the best positioned Nordic carrier

Scandinavia’s largest LCC, Norwegian Air Shuttle, reported an improved yield estimate of NOK0.59 (EUR 6.80 cents) for Jul-2009, a 4% year-on-year gain, and a unit revenue improvement of 6% to NOK0.52 (EUR 6.00 cents). The LCC, which reported the most profitable second quarter in its history this year, with a net profit of EUR20.0 million, has shown that it is the best positioned Scandinavian carrier in the current global economic recession. [1432 words]

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This report contains the following subheadings:

• Norwegian currently the best positioned carrier
• Norwegian yields back to positive territory
• Norwegian growing at the expense of its network competitors
• Scandinavian Airlines yield weakness continues 
• Finnair pricing levels remain “regrettably poor” 
• Finnair “insufficient” rate of change forces resignation of CEO
• Adapt or Perish

This report contains the following charts and tables:

• Norwegian Air Shuttle yield growth: May-2008 to Jun-2009
•  Norwegian traffic highlights for Jul-2009
• Scandinavian Airlines yield growth: Apr-2008 to Jun-2009
• SAS Group traffic highlights: Jul-2009
• Finnair traffic highlights: Jul-2009