Press release -

Norwegian Second Quarter Results 2010

  • First half revenue up by 10.2 % to MNOK 3,624.4 (3,287.5), quarterly revenue up by 6.9 % to MNOK 2,032.3 (1,900.5).
  • Earnings before depreciation and leasing (EBITDAR) in first half were MNOK 121.4 (466.8) and in the second quarter were MNOK 144.2 (418.3).
  • Earnings before depreciation (EBITDA) in first half were MNOK -241.0 (155.7) and in the quarter were MNOK -48.7 (257.6).
  • Net result after tax in first half was MNOK -333.6 (70.6) and in the second quarter was MNOK -134.4 (180.4).
  • Ancillary revenue per passenger up 12 % in the second quarter.  
  • The number of passengers in the second quarter was 3.2 mill. (+15%).
  • Unit cost was NOK 0.49 in the first half and NOK 0.47 in the second quarter compared to NOK 0.51 in the first half last year and NOK 0.47 in the second quarter last year. Unit cost excluding fuel was NOK 0.37 in the first half and NOK 0.34 in the second quarter compared to NOK 0.41 in the first half last year and NOK 0.38 in the second quarter last year.
  • The closure of European airspace by regulatory authorities in April has a significant adverse impact on traffic volumes, unit revenue, unit cost and the net result for the quarter. Direct earning effects are estimated to MNOK 100, however, the disruption had a negative effect on bookings and unit revenue in the entire second quarter.
  • During the quarter, currency losses on USD denominated financing amount to MNOK 122, due to depreciation of NOK against USD. These unrealized losses have no cash effects.
  • Cash and money market deposits of MNOK 1,581 (821) as of 30.06.10
  • Cash flow from operating activities in the second quarter was MNOK 311 (323)

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For journalists only

For journalists only

Press contact Norwegian Press Office +47 815 11 816
Marketing/sponsorhip requests: marketing@norwegian.com

Marketing/sponsorhip requests: marketing@norwegian.com

Press contact Marketing/sponsorship requests: marketing@norwegian.com

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Norwegian cuts costs, boosts competitiveness

Norwegian carried 3.2 million passengers in the second quarter – a 15 percent growth compared to the same period last year. The airline’s total revenue came in just above 2 billion NOK, a 7 percent increase. The net result after taxes of -134 million NOK was strongly influenced by the Authorities’ closing of the European airspace this spring.

Norwegian sänker kostnaderna – stärker konkurrenskraften

3,2 miljoner passagerare valde att flyga med Norwegian under andra kvartalet 2010, det är 15 procent mer jämfört med samma period föregående år. Omsättningen uppgick till 2 miljarder norska kronor, en ökning på 7 procent. Nettoresultatet efter skatt hamnade på – 134 miljoner norska kronor. Resultatet är starkt påverkat av myndigheternas stängning av luftrummet under våren.

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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