June 6, 2019 / 6:18 AM / 7 months ago

Norwegian Air's growth slows further in May, passenger income in line

OSLO, June 6 (Reuters) - Norwegian Air’s income per passenger grew in line with expectations in May while the overall growth in traffic continued to ease, the carrier’s monthly traffic report showed on Thursday.

Norwegian’s May yield, a measure of revenue per passenger carried and kilometres flown, rose to 0.38 Norwegian crown from 0.36 crown a year ago, as expected in a Reuters poll of analysts.

Capacity growth stood at 4 percent year-on-year, while analysts had expected growth of 7.7 percent.

The airline’s load factor, showing how many seats are sold on each flight, stood at 86.1 percent for the month, lagging a forecast of 86.4 percent and down from 86.5 percent a year earlier. (Reporting by Terje Solsvik, editing by Gwladys Fouche)

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