Bud­get air­line blames Rolls Royce for fi­nan­cial hit

Yorkshire Post - Business - - BUSINESS / NEWS -

Bud­get air­line Nor­we­gian posted slower than ex­pected growth in De­cem­ber, and pointed the fin­ger at Rolls Royce for a fi­nan­cial hit in the se­cond half of 2018.

The car­rier, which is the sub­ject of in­tense takeover spec­u­la­tion, ex­panded ca­pac­ity by 34 per cent last month, but the num­ber of kilo­me­tres trav­elled by pay­ing pas­sen­gers rose just 24 per cent, below fore­casts.

The air­line’s load fac­tor, a key met­ric of how many seats are sold per flight, fell from 84.6 per cent in De­cem­ber 2017 to 78.6 per cent.

In an end of year up­date, Nor­we­gian also said fi­nan­cial re­sults for 2018 will be hit by tech­ni­cal is­sues with its Trent 1000 en­gines, sup­plied by Rolls Royce. The en­gines are used on Dream­liner air­craft.

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