Print Download as PDF Definitions

10.03.2012

ASK
Available Seat Kilometers. Number of available seats multiplied by the distance flown.
 
RPK
Revenue Passenger Kilometers. Number of occupied seats multiplied by the distance flown.
 
LOAD FACTOR
RPK divided by ASK. Describes the utilization of the available seats.

CASK
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. 

RASK
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.
 
BLH
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.
 
SECTOR LENGTH
Distance from one destination to another (one way).
 
EBITDAR
Earnings Before Intersest, Tax, Depreciation, Amortization and Rent.
 
EBITDA
Earnings Before Interest, Taxes, Depreciation and Amortization.
 
EBIT
Earnings Before Interest and Taxes. Commolny referred to as operating result.
 
EBT
Earnings Before Taxes.