Norse Atlantic Implements Workforce Cuts and Furloughs to Reduce Costs
Norse Atlantic, a budget long-haul airline, is implementing a series of cost-cutting measures, including crew furloughs and temporary pay cuts, to strengthen its financial position amid rising fuel costs. The airline plans to cut a third of its administrative staff and relocate its head office to Oslo, closing its Arendal office. These actions are part of 'Project Falcon,' aimed at reducing annual costs by $50 million compared to 2025. The airline's CEO, Eivind Roald, stated that geopolitical tensions have impacted fuel prices and traffic flows, necessitating these measures to enhance financial resilience and move towards profitability. 
