Norwegian delivered profit before tax of NOK 1,248 million in the second quarter 2022
Norwegian today reported its results for the second quarter and first half of 2022, characterised by increasing demand for air travel, higher fuel prices and gain from aircraft order. The figures demonstrate Norwegian’s ability to increase capacity for the busy summer travel season and deliver robust operational performance.
Norwegian with strong passenger growth in July
Norwegian had over 2.2 million passengers in July, the highest number since the outbreak of the pandemic. Norwegian operated 99.7 percent of its scheduled flights with a load factor of close to 95 percent, the highest in several years.
Norwegian & Norse Atlantic Airways agree closer cooperation
Norwegian Air Shuttle and Norse Atlantic Airways have entered into an agreement that will allow customers to purchase tickets with connecting flights on both airlines in one transaction.
Norwegian and Widerøe enter into close cooperation agreement
Norwegian and Widerøe signed a letter of intent today that will see the two airlines closely cooperate in a number of areas in the future. This means, among other initiatives, the two companies will cooperate on tickets sales, enabling passengers to seamlessly travel the entire route network of both airlines under a interline agreement.
The highest number of passengers since the outbreak of the pandemic
Norwegian’s traffic figures for June show that Norwegian had 1,937,318 passengers, an increase of 19 percent compared to the previous month and the highest number since the outbreak of the pandemic.
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.
Significant increase in Norwegian’s passenger figures for April
Norwegian's traffic figures for April showed that Norwegian had 1.4 million passengers, approximately 50 percent more than the previous month.
940,000 passengers flew with Norwegian in March
Norwegian's traffic figures for March displayed a positive trend with growth in passenger numbers and a load factor of above 80 percent. The company recently reopened several bases and direct routes in Europe and will continue to increase capacity ahead of the summer.