Norwegian Air Shuttle ASA has mandated US lender, Private Export Funding Corporation (PEFCO), supported by the Export-Import Bank of the United States (EXIM), to provide term loan financing for the first seven of its direct-buy, new Boeing 737-800 HGW aircraft, to be delivered between Summer 2009 and Winter 2010. EXIM has on 31. July issued a final commitment for the seven aircraft, and preliminar
Norwegian Air Shuttle ASA has mandated US lender, Private Export Funding Corporation (PEFCO), supported by the Export-Import Bank of the United States (EXIM), to provide term loan financing for the first seven of its direct-buy, new Boeing 737-800 HGW aircraft, to be delivered between Summer 2009 and Winter 2010. EXIM has on 31. July issued a final commitment for the seven aircraft, and preliminar
First half revenue up by 24.5% to MNOK 3,287.8, quarterly revenue up by 22.5 % to MNOK 1,900.5 (1,551.2).
Earnings before depreciation and leasing (EBITDAR) in first half were MNOK 466.8 (-76.6) and in the quarter were MNOK 418.3 (67.9)
Earnings before depreciation (EBITDA) in first half were MNOK 155.7 (-267.9) and in the quarter were MNOK 257.6 (-41.8).
Net result after tax in first h
Today Norwegian presents the company's most profitable second quarter ever. Earnings before tax (EBT) in Q2 were MNOK 245, an improvement with more than MNOK 330 compared to the same period in 2008. Norwegian carried close to 2.8 million passengers in the second quarter of 2009 - an increase of 440 000 passengers compared to last year.
First half revenue up by 24.5% to MNOK 3,287.8, quarterly revenue up by 22.5 % to MNOK 1,900.5 (1,551.2). Earnings before depreciation and leasing (EBITDAR) in first half were MNOK 466.8 (-76.6) and in the quarter were MNOK 418.3 (67.9) Earnings before depreciation (EBITDA) in first half were MNOK 155.7 (-267.9) and in the quarter were MNOK 257.6 (-41.8). Net result after tax in first half
Today Norwegian presents the company's most profitable second quarter ever. Earnings before tax (EBT) in Q2 were MNOK 245, an improvement with more than MNOK 330 compared to the same period in 2008. Norwegian carried close to 2.8 million passengers in the second quarter of 2009 - an increase of 440 000 passengers compared to last year.
The total number of passengers flown in June was close to 977 000, an increase of more than 130 000 passengers or 15 per cent compared to June 2008
The total number of passengers flown in June was close to 977 000, an increase of more than 130 000 passengers or 15 per cent compared to June 2008.
The total number of passengers flown in April was 861 530, an increase of 18 per cent. The domestic growth in Norway is even larger with 23 per cent growth in the number of passengers. From the recently established base in Denmark more than 95 000 passengers chose to travel with Norwegian in April.
More than 2.1 million passengers chose to travel with Norwegian in the first quarter of 2009 - an increase of close to 108,000 passengers compared to last year. The turnover was BNOK 1.4, an increase of 27 percent. The net result was MNOK -110 which is significantly better than last year. The seasonal variations in the aviation industry always hamper profitability in the first quarter.
The total number of passengers flown in March was 787 000, an increase of 9 per cent.
“We are satisfied with the traffic growth as we carried close to 670 000 passengers through our network in February, and had a stable load factor. Despite the current economic environment, Norwegian is reporting growth in passenger traffic,” says CEO Bjorn Kjos. He adds the fact that February 2009 had one day less of operations than last year as 2008 was a leap year.
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.
