Atlantic Airways P/F
Adverse weather caused delays and extra costs
Atlantic Airways P/F 09.08.2013 22:00 Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Air traffic to and from the Faroe Islands was severely affected by adverse weather during July. The disruption occurred despite investment by Atlantic Airways in a new navigational aid system and despite the extended runway at VĂ¡gar Airport - although the new navigational system significantly mitigated the impact of the disruption, which coincided with record July traffic for the airline. All told, about 120 flights were delayed by more than two hours and 54 of them either had to divert or were cancelled, mainly because of severe fog. Conditions in July were unprecedented as fog interrupted traffic continuously over a period of four weeks. It is estimated that the extraordinary cost to the airline due to the weather interruptions will be between 7.5 and 8.5 million Danish kroner (DKK). Notwithstanding the weather, Atlantic Airways achieved record traffic in July, transporting more than 32,000 passengers on scheduled services to and from the Faroe Islands. An increased proportion of the passengers was transported on the Airbus 319 aircraft, equipped with RNP AR 0.1 navigational aid system, which diminished the traffic interruption significantly by an estimated 18-20 diversions. Atlantic Airways will publish its half-year result on 21 August 2013. For further information contact: Magni Arge, CEO, tel. +298 213700 - magni@atlantic.fo News Source: NASDAQ OMX 09.08.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Atlantic Airways P/F Faeroe Islands Phone: Fax: E-mail: Internet: ISIN: FO0000000062 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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