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Wednesday, April 24, 2024

New airline cuts flights

Norwegian airline Flyr, which just started taking off last summer, announced it would be cutting routes from November to March. One airline analyst predicts others may do the same, because of lower demand.

“We’re heading into a challenging winter,” said Flyr CEO Tonje Wilkstrøm, noting that demand for travel has fallen. Business travel has not returned as hoped after the Corona crisis, while rising prices, interest rates and especially electricity bills threaten the tourist trade.

Flyr is thus cutting its routes by around half. The airline will continue to fly several popular European routes and from Oslo to both Bergen and Trondheim, plus more during the Christmas holiday season. The frequency will decline dramatically, though, and the airline is preparing for layoffs. It has also engaged financial advisers for meetings with both current and potentially new investors, in an effort to strengthen the airline’s liquidity.

Norwegian Air has already announced plans to temporarily ground aound a quarter of its fleet this winter because of expected low demand. Like Flyr, it has made changes in its route system, reduced the numbers of departures and dropped some routes, also because of higher fuel costs and economic uncertainty. staff



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