More than 300 people work for Norwegian in Asia, of which 200 are based in Thailand and 100 in Singapore. Another 50 will join the Asian team in 2014. Click here to see what two of our Bangkok crew think of their working environment.
Available Seat Kilometers. Number of available seats multiplied by the distance flown.
Revenue Passenger Kilometers. Number of occupied seats multiplied by the distance flown.
RPK divided by ASK. Describes the utilization of the available seats.
Cost per available seat kilometer is an industry-wide cost level indicator often referred to as “CASK”. CASK is usually represented as operating expenses before depreciation and amortization (EBITDA level) over produced seat kilometers (ASK), also known as cash operating cost.
Norwegian hedges USD/NOK to counter foreign currency risk exposure on USD denominated borrowings translated to the prevailing currency rate at each balance sheet date. Hedge gains and losses are according to IFRS recognized under operating expenses (“other losses/ (gains)) while foreign currency gains and losses from translation of USD denominated borrowings are recognized under financial items (Net foreign exchange (loss) or gain).
For the above reason CASK excludes losses and gains from “other losses/ (gains)” to better reflect the actual cost development.
Average ticket revenue per ASK. A measure of how much ticket revenue one single seat generates on average per kilometer flown. the RASK reflects load factor contrary to the commonly used yield which is a measure of ticket revenue per RpK.
Block hours is the elapsed time from the parking brakes are released at the gate of the origin until they are set at the gate at the destination.
Distance from one destination to another (one way).
Earnings Before Intersest, Tax, Depreciation, Amortization and Rent.
Earnings Before Interest, Taxes, Depreciation and Amortization.
Earnings Before Interest and Taxes. Commolny referred to as operating result.
Earnings Before Taxes.