August 6, 2019 / 6:12 AM / 13 days ago

Norwegian Air's July passenger income rises less than forecast

OSLO, Aug 6 (Reuters) - Norwegian Air’s revenue per customer grew less than expected in July and the company filled slightly fewer seats than analysts had predicted during the peak summer season, its monthly traffic data showed on Tuesday.

The company’s yield, a measure of revenue per passenger carried and km flown, rose to 0.51 Norwegian crowns ($0.0572) in July from 0.45 crowns in June, lagging the 0.54 crowns expected by analysts in a Reuters poll.

Norwegian filled 93.5% of its available seats last month, up from 93.0% a year earlier but lagging an average analyst forecast of 93.8%.

$1 = 8.9090 Norwegian crowns Reporting by Terje Solsvik; editing by Jason Neely

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