Norwegian Air's Shift to Short-Haul Operations in 2022

In the second quarter of 2022, Norwegian Air has made significant changes to its operations, focusing on short-haul flights rather than long-haul routes. The decision comes as a response to the ongoing pandemic and its impact on the aviation industry.

During an earnings conference call, CEO Geir Karlsen and CFO Hans-Jørgen Wibstad presented an update on Norwegian Air's financial performance and top routes, airports, and countries. According to the presentation, the airline will continue to assess profitable opportunities as the world recovers from the COVID-19 pandemic.

One of the key changes announced by Norwegian Air is its decision to discontinue long-haul operations. The airline cited travel restrictions and changing government advice as major factors contributing to the decline in demand for long-haul travel. As a result, Norwegian's entire Boeing 787 Dreamliner fleet has been grounded since March 2020.

Instead of focusing on long-haul flights, Norwegian Air plans to concentrate on its short-haul network, operating a European network with narrow-body aircraft. The airline aims to serve these markets with around 50 narrow-body aircraft in operation by the end of 2021 and increase this number to around 70 aircraft in 2022.

Furthermore, Norwegian Air is seeking to raise as much as NOK5 billion ($590 million) in new capital to finance its operations. This injection of funds will help the airline build a 'robust and solid company that will attract investors and continue to serve new and existing customers.'

Norwegian's CEO, Jacob Schram, emphasized that the short-haul network has always been the backbone of the airline and will form the basis of a future resilient business model. The decision to focus on short-haul operations is seen as an opportunity for the airline to rebuild its business and create a sustainable foundation for growth.

In conclusion, Norwegian Air's shift to short-haul operations in 2022 marks a significant change for the airline, but it also presents opportunities for growth and development. By focusing on its core Nordics business, operating a European short-haul network with narrow-body aircraft, Norwegian is positioning itself for long-term success in an increasingly competitive market.

Norwegian air 2022