Brief: Norse Atlantic H2 EBITDAR Loss At $43 Million

Norse Atlantic ASA

28/02/2023 07:27

Feb 28 (Reuters) - Norse Atlantic ASA  NORSE.OL :
    * DURING SECOND HALF OF 2022 NORSE ATLANTIC REPORTED AN OPERATING LOSS OF $43 MILLION BEFORE
LEASES, DEPRECIATION AND AMORTIZATION (EBITDAR)
    * H2 OPERATING PROFIT WAS NEGATIVE $106 MILLION IN SIX MONTH PERIOD
    * RECORDED AN AVERAGE LOAD FACTOR FOR SIX MONTHS ENDED 31 DECEMBER 2022 OF 62%
    * STRONG SALES MOMENTUM AT END OF 2022 AND POST PERIOD END FOR SUMMER SEASON BOOKINGS GIVE
PRELIMINARY INDICATIONS THAT SECOND HALF OF 2023 COULD BE COMPANY'S FIRST PERIOD OF
PROFITABILITY SINCE IT COMMENCED FLYING

Source text for Eikon:  ID:nWkrbGMZm4 
Further company coverage:  NORSE.OL 

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