Norwegian’s May traffic figures were broadly in line with expectations for both Norwegian and Widerøe. As anticipated, Norwegian’s capacity increase put some pressure on the load factor, but this was offset by a somewhat stronger yield. Near-term fuel hedge volumes increased, with more than 50% of the remaining fuel consumption for the year now hedged. Although the hedge price moved higher, it remains considerably below spot, with Norwegian’s jet fuel hedge price well below USD 800/t versus spot ....
