Norse Atlantic Keeps Reduced Capacity Amid Fuel Costs
Norse Atlantic Airways maintained reduced capacity in September due to high fuel prices despite higher revenue. The airline transported 109202 passengers and is exploring a potential sale or merger.
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Norse Atlantic Airways maintained reduced capacity through September as jet fuel prices weighed on the carrier, despite a 35% rise in unit revenue. The Norway-based long-haul budget carrier has lost 92% of its market value this year amid mounting margin pressures. Unhedged fuel costs threaten the carrier's business model as management explores a potential sale or merger.
