*By Carlo Versano* The summer of 2018 has been good to Norwegian Air. The low-cost, long-haul airline saw a 13 percent year-over-year increase in passengers in July, flying 37 million people on popular transatlantic and European routes using its fleet of brand-new Boeing 787 Dreamliners. The airline is actively trying to differentiate itself from other value options with its hardware, CEO Bjørn Kjos said Wednesday in an interview on Cheddar. "You can only fly on low fares with modern airplanes like the Dreamliner," he said. Because the Dreamliners are more efficient and aerodynamic, they use less fuel, which means the company is less dependent on the price of crude oil than competitors with aging fleets. Modern aircrafts are the best hedge against fuel prices, Kjos said. Norwegian has greatly expanded its offerings in the U.S., adding regional airports like Tampa to big hubs in New York, Los Angeles, and San Francisco. Kjos said the airline is also growing globally. It most recently [debuted](https://www.bloomberg.com/news/articles/2018-09-04/emerging-markets-maintain-losses-after-argentina-turkey-moves) an $18 in-country fare for Argentina, appealing to tourists interested in exploiting a weak currency. Norwegian's expansion into a crowded low-fare marketplace has drawn both the ire and admiration of rivals. The chief of Ryanair reportedly called the airline ["a dog"](https://www.independent.co.uk/travel/news-and-advice/norwegian-air-new-flights-tampa-ryanair-michael-oleary-british-airways-iag-a8415546.html), while the head of British Airways' parent company said he admired Kjos's ["bravery"] (https://www.independent.co.uk/travel/news-and-advice/norwegian-air-new-flights-tampa-ryanair-michael-oleary-british-airways-iag-a8415546.html). For Norwegian, the focus is on keeping costs down and appealing to millennial travelers, Kjos said. Younger passengers are more willing to fly on a no-frills flight, so long as they're on a modern aircraft, and prices remain cheap. While Norwegian's ethos is "affordable fares for everybody," according to Kjos, millennials are his most important customers. "We really have to take care of them," he said. For full interview [click here](https://cheddar.com/videos/norwegian-air-marks-record-passenger-numbers).

Share:
More In Business
Understanding the VIX Index and the Options Market
Rob Hocking, SVP, Head of Product Innovation at CBOE, joins Cheddar News to break down how the VIX is calculated, what role the VIX plays in the options market, and how investors can use the VIX Index to manage risk.
Chipotle Sues Sweetgreen Over Copyright Infringement
In a clash of fast casual titans, Chipotle Mexican Grill is filing a lawsuit against Sweetgreen for trademark infringement. The salad purveyor recently released a meal offering called "Chipotle Chicken Burrito Bowl," which Chipotle said is being marketed in a "very similar" way as its own products and includes many of the same ingredients.
Jury in Defamation Suit Against Fox Won't Hear About Jan. 6
The upcoming trial in a voting machine company’s defamation lawsuit against Fox News for airing false allegations of vote fraud in the 2020 presidential election will not include testimony about the Jan. 6 uprising at the U.S. Capitol, a judge ruled Wednesday.
Load More