November was characterized by an adjusted route offering from Flyr in order to meet changes in demand in the low season. A total of 57,500 guests travelled with Flyr this month and the load factor was 77 percent. The Company operated all scheduled flights this month, consequently delivering 100 percent regularity.
"We are very pleased with a load factor in line with our updated plan to become a financially sustainable airline. Going forward, we will deliver an average annual load factor between 80 and 90 percent, which means load factors in the 70s in low season and more than 90 percent in high season," said CEO Brede Huser in Flyr.
"We are on track with our plan to reduce cash burn this winter and at the same time we experience a good response to our ticket sales. We already see the benefits of being available in Berg Hansen's travel portal, even though our current product is not well enough tailored to business travelers. If the positive development continues, we can increase the number of domestic routes in
Free middle seat for greater comfort
For travelers wanting more space during the flight, Flyr offers a vacant middle seat in rows 1 to 6 for a small surcharge. This means that the commercial load factor is somewhat higher than what the Company reports. In November, the Company had an average of 179 seats for sale on each flight, while the load factor is based on an available capacity of 189 seats. Adjusted for available middle seats, the load factor was 82 percent.
Flyr had on average 5-6 aircraft in operation in November. The yield was
Through March, Flyr will operate 5-6 aircraft on routes to several popular European destinations, including
"Many people are cheering us on, both guests and business partners, and we want to show that the Company is here to stay so that both leisure and business travelers have an option which ensures a combination of affordable prices and a good product. Throughout the winter, we will offer routes to the most popular holiday destinations in
For further information please contact:
Brede Huser, CEO / CFO
Email: brede.huser@flyr.com
About Flyr
Flyr is a Norwegian based low-cost carrier with a demand driven business model and a primary focus on the Norwegian market. The company targets a modern, digital, and efficient setup to ensure high operational efficiency through simplicity, optimized resource utilization and smart use of technology.
To learn more, please visit www.flyr.com.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act. The information was prepared by Brede Huser, CEO/CFO at
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