*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
Minnesota Suit Against E-Cigarette Maker Juul Goes to Trial
Minnesota Attorney General Keith Ellison is slated to lead off opening statements expected for Tuesday in his state's lawsuit against Juul Labs – marking the first time any of the thousands of cases against the e-cigarette maker over its alleged marketing to young people is going to play out in a courtroom.
Lyft to Pick Up New CEO Amid Deepening Post-Pandemic Losses
Lyft co-founders Logan Green and John Zimmer are relinquishing their leadership roles to make way for a former Amazon executive as the ride-hailing service struggles to recover from the pandemic while long-time rival Uber has been regaining its momentum.
Fed Official: SVB Caused Its Own Collapse
The Fed's vice chair for supervision will testify Tuesday that the central bank will look into the possibility that a 2018 law contributed to SVB's collapse by allowing them to keep less cash on hand.
The Day Ahead: Economic Data, Senate Banking Hearing and Earnings
Cheddar News breaks down what to look for on The Day Ahead. Economic data, including Jan. home prices and consumer confidence, are slated to be released while the Senate Banking Committee has a hearing scheduled in the wake of the collapse of Silicon Valley Bank. Earnings from Walgreens, Lululemon and Micron are also expected.
Disney Rolls Out First Round of Layoffs
Disney's first round of layoffs starts this week and will eventually to the loss of about 7,000 jobs after three rounds, according to a memo sent by CEO Bob Iger.
Load More