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The Norwegian Group with solid third quarter results

The Norwegian Group with solid third quarter results

The Norwegian Group delivered an operating profit (EBIT) of NOK 2,128 million in the third quarter of 2024. The quarter was characterised by capacity growth for Norwegian and improving load factors for both airlines within the group. Widerøe contributed solidly and, for the first time ever in a quarter, carried over 1 million passengers.

From left: Chief of Defence, Eirik Kristoffersen, CEO of St1 Nordic, Henrikki Talvitie, Acting director of Procurement at Norwegian Defence Material Agency, Per Arne Johnsen and CEO of Norwegian, Geir Karlsen. Photo Morten Bergene.

Norwegian Armed Forces creates aviation first with biofuels

The first use of biofuel for the defence sector's business trips with Norwegian was marked at Ålesund Airport Vigra today. Norwegian will blend 15 percent biofuel on over 1 million business trips until 2028. The agreement is the largest of its kind in Norwegian history, and most likely the first in a NATO context.

The Norwegian Group with increased capacity and passenger growth in the second quarter

The Norwegian Group with increased capacity and passenger growth in the second quarter

The Norwegian Group delivered an operating profit (EBIT) of NOK 593 million in the second quarter of 2024. The quarter was characterised by strong capacity and passenger growth, but also slightly lower demand impacting ticket prices. In the quarter, the company performed well operationally, with improved cost level and strong cash flow.

The Norwegian Group with improved results in seasonally weak quarter

The Norwegian Group with improved results in seasonally weak quarter

Norwegian recorded an operating loss (EBIT) of NOK 763 million for the group in the first quarter of 2024. The results were significantly improved compared to first quarter 2023, even though this quarter was impacted by a weaker Norwegian krone. Norwegian’s liquidity position improved to NOK 10.4 billion in a quarter which includes the successful acquisition of Widerøe.

Norwegian delivered a record strong operating profit of NOK 2,232 million for 2023

Norwegian delivered a record strong operating profit of NOK 2,232 million for 2023

Norwegian today reported its fourth quarter and preliminary full-year results for 2023. For the full-year of 2023, Norwegian delivered an operating profit (EBIT) of NOK 2,232 million, the highest operating profit in company history. The liquidity position improved through the quarter to NOK 9.5 billion at year-end.

Norwegian becomes co-owner of Norsk e-Fuel

Norwegian becomes co-owner of Norsk e-Fuel

Norwegian is now a shareholder in Norsk e-Fuel. The company will establish what could be the world's first large-scale production facility for electrofuel. The fossil-free jet fuel will be produced at a plant in Mosjøen in Nordland. The partnership will give Norwegian early access to essential fossil-free aviation fuels.

Norwegian reports strong results in the second quarter 2023

Norwegian reports strong results in the second quarter 2023

Norwegian delivered an operating profit (EBIT) of NOK 651 million in the second quarter, which was characterised by strong operational performance amidst ramping-up into the busy summer travel season. Furthermore, Norwegian and Strawberry’s new loyalty company today announced that Avida has been selected as the preferred financial partner.

Norwegian has entered into an agreement to acquire Widerøe.

Norwegian announces agreement to acquire Widerøe

Norwegian has entered into an agreement with WF Holding AS to acquire Widerøe, the major regional carrier in Norway. The agreement will provide customers with a broader route network and more choices. It will also contribute to securing local jobs in Norway. Widerøe will continue to exist as a separate company with its own brand, organisation and headquarters in Bodø.

Petter A. Stordalen, owner and founder of Strawberry (former Nordic Choice Hotels), and Geir Karlsen Photo, CEO of Norwegian. Photo credit: Espen Solli

Norwegian and Strawberry to establish shared “currency” for loyalty programmes

Norwegian and Strawberry are to establish a joint company that will provide a wider selection of services to the members of the companies’ respective loyalty programmes. The company will create a common loyalty currency and a platform where members can earn and use loyalty points across different programmes. The entity will be jointly owned by Norwegian and Strawberry, each retaining an equal owne

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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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