Norse Atlantic As (NRSAF) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.979 Very good morning, everyone, and welcome to North Atlantic's 00:00:04.979 -- 00:00:08.084 Q4 2024 presentation. 00:00:08.084 -- 00:00:13.333 My name is Bjorn Tore Larsen. I'm the CEO of the company, and we'll 00:00:13.333 -- 00:00:18.422 present our Q4 results together with our CFO, 00:00:18.422 -- 00:00:20.662 Anders Jolmos. 00:00:22.408 -- 00:00:26.973 So a few highlights from today. The last quarter, 00:00:26.973 -- 00:00:32.824 we have definitely turned the tide in many ways, 00:00:32.824 -- 00:00:38.574 and we were able to achieve a load factor over the quarter of 92%, 00:00:38.574 -- 00:00:42.501 which is an increase of 22%. So it's 00:00:42.501 -- 00:00:47.568 a considerable improvement in terms of filling the cabins. 00:00:47.568 -- 00:00:52.873 We also increased activity somewhat, about 15% 00:00:53.557 -- 00:00:58.824 compared to last year. And the number of passengers went up by almost 50%, 00:00:58.824 -- 00:01:01.265 46%. Revenues 00:01:02.489 -- 00:01:06.272 also went up considerably, 30%, $223 00:01:07.156 -- 00:01:09.697 million. And 00:01:09.760 -- 00:01:15.545 the revenue per available seat kilometer went up by 23%. 00:01:16.120 -- 00:01:21.220 We had a net loss of $35 million in the quarter, which is a $30 00:01:21.220 -- 00:01:23.328 million improvement 00:01:23.328 -- 00:01:25.951 year on year compared 00:01:28.017 -- 00:01:32.983 Very good morning, everyone, and welcome to North Atlantic's 00:01:32.983 -- 00:01:36.087 Q4 2024 presentation. 00:01:36.087 -- 00:01:41.334 My name is Bjorn Tore Larsen. I'm the CEO of the company, and I will 00:01:41.334 -- 00:01:46.420 present our Q4 results together with our CFO, 00:01:46.420 -- 00:01:48.640 Anders Hjulmås. 00:01:50.405 -- 00:01:54.976 So a few highlights from 202...