The Norwegian Group reported record strong figures during the second quarter, with a profit before tax (EBT) of above NOK 1 billion. Operational performance remained stellar, with Norwegian among the top European airlines on punctuality. In addition, the company announced that it will pay a dividend for the first time in its history, of NOK 0.90 per share, to be paid in August.
In June, Norwegian had 2,371,908 passengers, which sets a post pandemic record for June. Widerøe had 394,290 passengers, bringing the group total to 2,766,198. The load factor for both Norwegian and Widerøe increased with a solid four percentage points compared to last year. In addition, Widerøe delivered record high passenger numbers during the month.
Norwegian has entered into an agreement to purchase 11 LEAP-1B spare engines from CFM International. These fuel-efficient engines will support Norwegian’s growing fleet of modern Boeing 737 MAX aircraft.
In May, Norwegian had 2,178,172 passengers, while Widerøe had 349,345 passengers, bringing the group total to 2,527,517. The load factor for Norwegian increased by 1.5 percentage points in May compared to last year. Norwegian is looking forward to a very busy summer.
The first quarter was characterised by a continued significant growth in passengers for both Norwegian and Widerøe. The results were positively impacted by efficiency gains and initiatives implemented during the quarter, including the purchase of ten previously leased Boeing 737-800 aircraft.
In April, Norwegian had 1,931,550 passengers, while Widerøe had 334,228 passengers, totalling 2,265,778 for the group. Capacity growth stabilised compared to the previous months, and April had a 3.2 percentage point increase in load factor compared to last year. Norwegian continues to have strong operational performance, and a robust booking momentum going into summer.
Norwegian’s loyalty program, Norwegian Reward, won four awards at the Freddie Awards. The awards are among the most internationally recognized in the travel industry, and this year, Norwegian Reward took home wins in the categories "Program of the Year," "Best Customer Service," "Best Loyalty Credit Card," and "Best promotion."
Reitan Retail becomes one of three owners of Spenn. Together with founding companies Norwegian and Strawberry, Reitan Retail will continue developing Spenn into the largest loyalty currency in the Nordics.
In March, Norwegian had 1,587,550 passengers, while Widerøe had 328,385 passengers, totalling 1,915,935 for the group. The capacity increased by 13 percent for Norwegian, while Widerøe had a 9 percent increase in capacity compared to March 2024. Norwegian strong operational performance and high punctuality in March.
Norwegian is expanding its presence at Billund Airport with the launch of a brand-new year-round route to London Gatwick, starting on 30 June. This new connection will make it even easier for British travellers to explore Western Denmark, known for its stunning landscapes, vibrant cities, and world-famous attractions, including Legoland® Billund Resort.
On the same day that Norwegian and UNICEF extend their partnership agreement for four more years, a Norwegian aircraft takes off from Copenhagen bound for Sierra Leone in Africa. Both the luggage compartment and the cabin are fully loaded with emergency aid for children in crisis. The flight is a collaboration between Norwegian and UNICEF.
In February, Norwegian had 1,294,243 passengers, while Widerøe had 288,304 passengers, totalling 1,582,547 for the group. The capacity increased by 14 percent for Norwegian, while Widerøe had a capacity comparable to February 2024. Both airlines had good operational performance and punctuality in February.
Norwegian has announced an agreement to buy ten Boeing 737-800 aircraft that are currently a part of its leased fleet. The transaction is expected to close in the first quarter of 2025.
For 2024, the Norwegian Group delivered an operating profit (EBIT) of NOK 1,873 million, the second highest in company history. The fourth quarter resulted in a negative operating result (EBIT) of NOK 93 million, impacted by the weakening NOK against USD. The year included a highly successful acquisition of Widerøe, as well as a significant capacity growth throughout the year.
The Norwegian Group presents fourth quarter results on Thursday 13 February.
Today, Norwegian opens the sale of flight tickets for the next winter season. From the UK, travelers can enjoy direct flights from London Gatwick, Manchester, and Edinburgh to various Nordic destinations. The airline will continue its popular winter routes to Tromsø and Rovaniemi, as well as flights to Nordic capitals and other regional cities.
In January, Norwegian had 1,273,809 passengers, while Widerøe had 294,066 passengers, totalling 1,567,875 for the group. The number of passengers increased by 12 percent for Norwegian and 19 percent for Widerøe compared to January 2024. Norwegian had a capacity increase of 23 percent compared to last year.
In December, Norwegian had 1,476,256 passengers, while Widerøe had 293,257 passengers, totalling 1,769,513 for the group. Capacity for Norwegian was up 24 percent, while the load factor was somewhat down from last year. During the year, over 26.4 million passengers travelled with Norwegian and Widerøe.
The Oslo District Court has today rendered its judgement in the proceedings on the EU ETS obligations during Norwegian’s reconstruction. The court’s ruling is that Norwegian was not obliged to fulfil its EU ETS obligations for 2020 and that the penalty imposed for the failure to meet these obligations was unlawful.
Norwegian is partnering with four schools for pilot education. The collaboration aims to secure future competence and workforce in a critical industry. The agreement is a win-win for the company and for cadets who are offered jobs after completing their studies.
