Air France, Norwegian flying high on 2016 revenue, but expect turbulence ahead

Air France, Norwegian flying high on 2016 revenue, but expect turbulence ahead
Air France, Norwegian flying high on 2016 revenue, but expect turbulence ahead

This marks the firm's "best ever results in a year of strong international growth," the company's chief executive Bjørn Kjos said in a press release.

Norwegian's net profit was $1.36 billion and passenger numbers grew 14 percent over the year to 29.3 million.

Both Air France and Norwegian have pledged to grow passenger numbers and increase routes in 2017, with a particular focus on long-haul routes.

Air France's passenger numbers were up 4 percent in 2016 to 93.4 million. It plans to grow capacity by 3-3.5 percent in 2017 in order to regain the offensive in long-haul and to improve the performance in medium-haul," the company said in a press note.

With geopolitical issues set to hamper airlines for the foreseeable future, currency fluctuations may however benefit the industry somewhat and Gagey is hoping that a stronger dollar against the euro will help the euro zone become "more attractive in 2017".

CNBC

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