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’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 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.
Norwegian presents 2018 full year results and the strategy for returning to profitability
Norwegian today reported its full year and fourth quarter 2018 results, figures strongly affected by engine issues, fuel hedge losses and tough competition in a period of strong growth. The net loss was NOK 1,454 million in 2018, while the company’s unit costs, excluding fuel, have decreased by 12 percent during the same period.
Norwegian reports a result of 1.6 bn NOK (£149 million) in the third quarter
Norwegian (NAS) today reported a result (EBT) of 1.6 billion NOK (£149 million) for the third quarter 2018.
Invitation to presentation of Norwegian Air Shuttle's third quarter report
Norwegian will release the third quarter results Thursday 25 October 2018. The report will be made available at 7:00 AM (CET) at norwegian.com and newsweb.no.
Norwegian reports strong growth in a seasonally weak first quarter
Norwegian today reported its first quarter earnings for 2018 with a result of NOK -46.2 million (- £ 4.16 million). The quarter was characterized by international expansion, strong passenger growth and higher fuel cost. A successful private placement of shares was completed this quarter.