Categories: corporate news
Norwegian concludes agreement to purchase 50 Boeing 737 MAX 8 aircraft
In May, Norwegian and Boeing announced an agreement in principle for the purchase of 50 Boeing 737 MAX 8 aircraft with options for another 30 aircraft. Today, Norwegian announced that the various closing conditions related to agreement have been met. Following this, Norwegian estimates that it will record a net gain of approximately NOK 2 billion in the second quarter of 2022.
Continued passenger growth at Norwegian
Norwegian's traffic figures for May showed that Norwegian had 1.6 million passengers, an increase of 16 percent compared to the previous month.
Norwegian to purchase 50 Boeing 737 MAX 8 aircraft
Norwegian Air Shuttle ASA has reached an agreement in principle with Boeing for a recommitment to purchase 50 Boeing 737 MAX 8 aircraft. The agreement also includes options for an additional 30 aircraft. The 50 aircraft are due to be delivered between 2025 and 2028, at a schedule closely corresponding to current aircraft lease expirations.
Norwegian limits losses and protects cash position in the first quarter
Today, Norwegian reported its first quarter results of 2022. The results in the seasonally weakest quarter of the year were also impacted by the omicron virus and the war in Ukraine, resulting in an operating loss (EBIT) of NOK 849 million.
Norwegian removes face masks requirement on all flights
Norwegian is pleased to announce that the temporary requirement to wear face masks on board all flights will be lifted from Monday 4th of April.
Norwegian recruits 150 crew in Finland – reopens base in Helsinki
As part of the preparations for the summer season, Norwegian has started recruitment of more than 150 air crew that will be based at Helsinki Airport HEL. Approximately 100 cabin crew and 50 pilots will be ready to operate 27 of Europe’s most popular destinations that the company will service from Helsinki Airport during the summer season.
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
Norwegian’s third quarter results demonstrate strong financial position leading into winter trading period
Norwegian today reported its results for the third quarter of 2021. The figures show continued positive progress following the successful completion in May of the respective reconstruction processes. Passenger demand is returning across all our markets and forward bookings remain strong leading into our summer 2022 season.
Norwegian second quarter results: Positive effect of completed reconstruction process and steady uplift of demand
Norwegian today reported its second quarter results and published the H1 2021 financial report. The results continued to be impacted by COVID-19 and travel restrictions in all markets. However, following the successful completion of the reconstruction process and the subsequent NOK 6 billion equity raise, the company is now well positioned for future growth.
Norwegian Releases Summer 2022 Schedule - Connecting the UK and Ireland to Scandinavia with 142 weekly flights
Norwegian will continue to increase flights between the UK and Ireland to destinations across Scandinavia as the airline releases the summer 2022 flying programme. All flights are now available to book offering a wide range of destinations from London, Edinburgh, Manchester and Dublin.
July Traffic Results: Increased passenger demand
Norwegian's traffic figures for July shows a continued increase in the number of passengers. Demand is driven by ease in travel restrictions, in addition to a higher level of the population being vaccinated. In July, Norwegian operated 33 aircraft, which is approx. 50 percent more than the previous month.
Norwegian offers flexible booking policy with 24 hour money-back guarantee
To meet customer demands for greater flexibility, Norwegian has changed the booking policy for cancellations and changes, allowing customers to cancel with full refund up to 24 hours after purchase.
Norwegian’s fourth quarter results are heavily impacted by COVID-19 and travel restrictions
Norwegian today reported its fourth quarter results. As expected, the results were heavily impacted by COVID-19 and travel restrictions in all markets.
Norwegian strongly affected by COVID-19 – 71 percent passenger decline, 8,000 furloughed or laid off employees and 140 grounded aircraft
Norwegian today reported its results for the first half year of 2020. The figures are as expected heavily impacted by the COVID-19 pandemic with a net loss of NOK 5.3 billion. During the first half of 2020, 5.31 million customers travelled with the company; a decrease of 71 percent compared to the same period last year.
Invitation to presentation of Norwegian's Second quarter report
Norwegian has scheduled a presentation of the interim report for the second quarter and first half year 2020 on Friday 28 August and invite to a presentation and live stream at 08:30 CET.
Norwegian fulfils criteria for initial NOK 300 million in guarantee from the Norwegian Government
Norwegian is pleased to announce that two Nordic banks have obtained credit committee approval to provide a guarantee for the required 10 percent for the first tranche of NOK 300 million. Norwegian will secure the necessary headroom to pursue further guarantees from the Norwegian Government.
Norwegian doubles 2019 underlying operating result before ownership costs and achieves cost-reduction target
Norwegian today reported its full year and fourth quarter 2019 results. Year on year, unit revenue increased in nine consecutive months, driven by maturing routes and the optimisation of Norwegian's global route network. The punctuality has improved considerably during the past six quarters, and in the fourth quarter 2019 it was up 3.1 percentage points to 82.6 percent.
Norwegian reports its best ever quarterly result with a profit before tax of NOK 2.2 billion
Norwegian’s third quarter results are characterised by improved profitability, higher unit revenue, lower unit cost and reduced growth, in line with the strategy. Profit before tax improved by 38 percent to NOK 2.2 billion compared to the same quarter last year.
Norwegian’s financial turnaround moves in the right direction: Increased revenue and reduced cost
Norwegian’s second quarter results are characterised by reduced growth and improved profitability, in line with the company’s strategy. Despite the reduced production growth and grounding of the Boeing 737 MAX aircraft, the underlying operating result before ownership costs more than doubled from the same quarter in 2018.
Norwegian reports increased revenues and reduced costs for the first quarter
Norwegian today reported its first quarter results. The quarter was characterised by reduced costs, increased revenue and significantly improved on-time performance. The net loss was NOK 1,489 million, while the company’s unit cost excluding fuel decreased by 8 per cent during the same period. The total revenue was NOK 8 billion, up 14 per cent.