Norse Atlantic Airways is revising its business strategy to allocate at least half of its fleet capacity to ACMIs and charter services starting from the fourth quarter and throughout the IATA winter season.
The airline experienced a 115pc fall in revenue per passenger in the second quarter due to lower industry fares despite significant growth in available seat kilometres, flight frequencies, passengers, and load factors compared to the same period in 2023.
Norse Atlantic is negotiating multi-year contracts with several airlines for fleet allocation to reduce market risk and achieve cost reduction.
The airline will streamline its fleet by redelivering three B787-8 widebodies in 2024, operating a uniform fleet of B787-9s for increased efficiency.
