Norwegian today reported its first quarter earnings for 2018 with a result of NOK -46.2 million (- £ 4.16 million). The quarter was characterized by international expansion, strong passenger growth and higher fuel cost. A successful private placement of shares was completed this quarter.
A new report finds that in 2017, foreign passengers arriving on a Norwegian flight to visit Norway, Sweden and Denmark contributed to create the basis for 40,000 jobs in the tourism industry. In Scandinavia alone, this has resulted in 2.6 billion euro in additional spending, boosting the local economies and creating new jobs.
Norwegian is increasing flights from Edinburgh, Dublin and Shannon airports to the USA during the winter season.
Comment to IAG’s acquisition of Norwegian shares
Norwegian has just been made aware that the International Airline Group (IAG) has acquired of 4.6 percent of the shares in Norwegian Air Shuttle ASA. Norwegian had no prior knowledge of this acquisition before it was reported by the media mid-morning Thursday. Norwegian has not been in any discussions or dialogue with IAG about the matter. Norweg
In this podcast, Trine Nygaard, Cargo Manager in Norwegian Cargo, since the startup of our cargo business in 2013, shares the great potential of increasing the revenue from our air freight operations through an even closer collaboration especially with our Network and Revenue Department.
Norwegian will release the first quarter results Thursday 26 April 2018. The report will be made available at 7:00 AM (CET) at norwegian.com and newsweb.no.
Norwegian carried close to 2.8 million passengers in March, an increase of 15 percent compared to the same month previous year. The growth this month is higher due to additional Easter traffic.
Norwegian, the World’s Best Low-Cost Long-Haul Airline and Airline of the Year 2017, has been named ‘Value Airline of the Year’ by Air Transport World, the leading monthly magazine for the airline industry, at the ATW Airline Industry Achievement Awards.
Norwegian, voted world’s best low-cost long-haul airline, is continuing its global expansion today by launching the UK’s first low fare route to Texas, with the only non-stop service from London Gatwick to Austin, Texas.
Norwegian, voted ‘World’s Best Low Cost Long Haul Airline’, will commence the UK’s cheapest direct flights to Chicago this weekend from £139.90 one way
There will be held a conference call at 10.00am CET on Wednesday 21 March to open up for questions regarding the market update and private placement announced today. The call will be hosted by CEO Bjørn Kjos and Acting CFO Tore Østby.
Dial-in details:
Please join the event conference 5-10 minutes prior to the start time using the confirmation code and any of the numbers provided below.
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Reference is made to the announcement published by Norwegian Ai
The Norwegian group is a leading Nordic aviation company, headquartered at Fornebu outside Oslo, Norway. The company has over 8,200 employees and owns two of the prominent airlines in the Nordics: Norwegian Air Shuttle and Widerøe’s Flyveselskap. Widerøe was acquired by Norwegian in 2024, aiming to facilitate seamless air travel across the two airline’s networks.
Norwegian Air Shuttle, the largest Norwegian airline with around 4,700 employees, operates an extensive route network connecting Nordic countries to key European destinations. In 2023, Norwegian carried over 20 million passengers and maintained a fleet of 87 Boeing 737-800 and 737 MAX 8 aircraft.
Widerøe’s Flyveselskap, Norway’s oldest airline, is Scandinavia’s largest regional carrier. The airline has more than 3,500 employees. Mainly operating the short-runway airports in rural Norway, Widerøe operates several state contract routes (PSO routes) in addition to its own commercial network. In 2023, the airline had 3.3 million passengers and a fleet of 48 aircraft, including 45 Bombardier Dash 8’s and three Embraer E190-E2's. Widerøe Ground Handling provides ground handling services at 41 Norwegian airports.
The Norwegian group has sustainability as a key priority and has committed to significantly reducing carbon emissions from its operations. Among numerous initiatives, the most noteworthy is the investment in production and use of fossil-free aviation fuel (SAF). Norwegian strives to become the sustainable choice for its passengers, actively contributing to the transformation of the aviation industry.
