Norwegian airline Norse Atlantic will cut some staff and furlough others as it weathers the fallout from the war in Iran and the ongoing surge in jet fuel prices.
The airline said Thursday that it will eliminate about 75 administrative positions, which translates to about 35% of its administrative staff. The carrier will also furlough some crew members, institute temporary pay reductions for non-flying crew, and rationalize its information technology and partner systems.
Additionally, Norse Atlantic will relocate its headquarters to Oslo, and close its office in Arendal.
Officials said recent “geopolitical tension” and its effect on fuel prices and traffic flows forced the company to accelerate an efficiency and restructuring plan known as “Project Falcon.” The project aims to deliver annualized savings of up to $50 million compared to 2025.
“Announcing cost cutting measures, including redundancies to committed colleagues, is a hard decision to make,” Eivind Roald, CEO of Norse Atlantic, said in a statement. “I want to sincerely thank all our Norse employees for their dedication, resilience, and the role they have played in building the company.”
Norse Atlantic operates only long-haul flights, with destinations in Europe, Southeast Asia, South Africa, and North America. It connects New York-JFK with London, Rome, and Athens, and Orlando, Florida, with London.
