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Norwegian delivered a profit before tax of NOK 117 million and improved cash position in the fourth quarter 2021

Norwegian delivered a profit before tax of NOK 117 million and improved cash position in the fourth quarter 2021

Norwegian today reported its fourth quarter and preliminary full year results for 2021. Passenger demand increased from the previous quarter, however, demand was negatively impacted by the outbreak of the coronavirus omicron variant. Profit before tax (EBT) was NOK 117 million, compared to a loss of NOK 16.6 billion in the fourth quarter of 2020 and a profit of NOK 169 million in the third quarter

Photo: Neste

Norwegian enables corporate customers to reduce emissions from business travel

Norwegian has entered into a collaboration agreement with Neste, the world’s leading producer of sustainable aviation fuels (SAF). Norwegian’s corporate customers can now reduce their CO2 emissions from business travel by up to 80 per cent through sustainable aviation fuel. The agreement is an important step in accelerating a voluntary market for such fuels.

640,000 passengers flew with Norwegian in January

640,000 passengers flew with Norwegian in January

Traffic figures for January show that almost 640,000 passengers flew with Norwegian during the month. This represents a significant increase compared to the same month last year.

930,000 Passengers Flew with Norwegian in December

930,000 Passengers Flew with Norwegian in December

Norwegian's monthly traffic figures for December show that more than 930,000 passengers flew with Norwegian. This represents a significant increase compared with the same month in 2020, however, the month of December was also strongly affected by government-imposed measures and restrictions.

Over a million passengers travelled with Norwegian in November

Over a million passengers travelled with Norwegian in November

Norwegian's traffic figures for November show that for a second consecutive month over one million passengers travelled with Norwegian. Adjustments to our capacity and route network for the winter season have been well adapted to customer demand.

Norwegian CEO, Geir Karlsen and Camilla Viken, Secretary General of UNICEF Norway

Norwegian and UNICEF Norway extend collaboration

For almost 15 years, Norwegian has had a partnership with UNICEF Norway. Norwegian has contributed with humanitarian actions, fundraising campaigns and donations from customers and employees. In total, the collaboration has given UNICEF Norway more than NOK 50 million, and the partnership was today renewed for another three years.

Norwegian - converted New Capital Perpetual Bonds

Norwegian - converted New Capital Perpetual Bonds

Reference is made to the Norwegian Air Shuttle ASA (the “Company”) FRN perpetual subordinated convertible bond loan with ISIN NO 0010996440 and ISIN NO 0010996432 in the aggregate amount of NOK 1,815,157,910 (the “New Capital Perpetual Bonds”).

Pursuant to the bond terms, the New Capital Perpetual Bonds with ISIN NO 0010996440 in the aggregate amount of NOK 1,738,293,310 can be converted i

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Norwegian.com

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.

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