Yields worsening for Norwegian Air Shuttle in Nov-2009

Scandinavia’s largest LCC, Norwegian Air Shuttle, reported further deep falls in yields last month, with an estimate of NOK0.55 (EUR 6.46 cents) for Nov-2009, a massive 21% reduction year-on-year. It follows an 11% reduction in Oct-2009. [624 words]

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This report contains the following subheadings:

• Fifth month of yield contractions in the past 18 months
• Unit revenues also down by double-digits
• Norwegian still the best positioned Scandinavian carrier
• Shifting focus to Norwegian domestic market and Copenhagen
• Gains from fuel hedges

This report contains the following charts and tables:

• Norwegian Air Shuttle yield growth: May-2008 to Nov-2009
• Norwegian Air Shuttle unit revenue (RASK) growth: Apr-2009 to Nov-2009
•  Norwegian traffic highlights for Nov-2009
• Norwegian jet fuel hedge positions: Dec-2009