Norwegian Air CEO Kjos on Competition, Growth

The transcript discusses the competitive landscape in the transatlantic and European airline markets, focusing on cost efficiency, fleet modernization, and the use of smaller airports to reduce costs. It explores strategies for managing costs, expanding routes, and maintaining financial stability, including the use of export credit facilities and crisis planning. The discussion also covers pricing strategies, pilot recruitment, and differentiation from low-cost carriers like Ryan Air and EasyJet. The potential for growth in long-haul transatlantic flights is highlighted, emphasizing the importance of keeping costs low to attract more passengers.

What is one advantage of using smaller airports for transatlantic flights?

• Increased passenger congestion

• Lower operational costs

• Longer turnaround times

• Higher landing fees

How can airlines reduce ownership costs according to the transcript?

• By reducing the number of routes

• By increasing ticket prices

• Through efficient financing systems

• By using older aircraft

What is a key factor in defending price points against larger carriers?

• Reducing the number of flights

• Decreasing fleet size

• Increasing ticket prices

• Ramping up volume

What is a potential risk mentioned that could affect the airline's balance sheet?

• Increased competition from luxury airlines

• Decreasing demand for flights

• Fuel price spikes

• Pilot surplus

Why might pilots prefer to work for Norwegian according to the transcript?

• Newer airplanes like the Dreamliner

• Limited flight routes

• Higher salaries

• Older aircraft

What differentiates Norwegian from other low-cost carriers in Europe?

• Access to a large network

• Higher ticket prices

• Fewer flight options

• Older aircraft

What is the potential for long-haul transatlantic flights according to the transcript?

• Limited due to high costs

• Huge potential if costs are kept low

• Only viable for luxury airlines

• Not feasible due to pilot shortages