The Norwegian Group delivered an operating profit (EBIT) of NOK 593 million in the second quarter of 2024. The quarter was characterised by strong capacity and passenger growth, but also slightly lower demand impacting ticket prices. In the quarter, the company performed well operationally, with improved cost level and strong cash flow.
In June, Norwegian had 2,245,735 passengers while Widerøe had 346,747 passengers, totalling 2,592,482 for the group. This represents an 11 percent increase in passengers since last June for Norwegian and a 6 percent increase for Widerøe. The group revises its profit outlook for 2024 downwards and provides an updated unit cost forecast.
Seats go on sale today for Norwegian’s newest route between London and Northern Norway for the upcoming winter season.
With the summer holidays just around the corner, travel plans for next year may seem far in the future, but today Norwegian is opening for tickets from the basic program which means that tickets for trips in the spring and early summer are open for booking. This initial launch includes tickets on 234 routes to 99 destinations from 30 March to 1 June 2025.
In May, Norwegian had 2,138,484 passengers, while Widerøe had 333,492 passengers, totalling 2,472,976 for the group. Capacity for Norwegian was up 19 percent compared to May last year, while the load factor was down 2 percentage points to 82 percent. The airline operated an average of 84 aircraft this month, as the summer programme is approaching cruising speed.
After two days of mediation, Norwegian and the Norwegian Pilot Union (NPU) have reached a positive conclusion with a new collective bargaining agreement. As a result, the risk of strike action has been removed.
Norwegian and Strawberry have agreed on a joint platform for their 10-million-member strong loyalty programmes Norwegian Reward and Strawberry. Following the initial announcement in June last year, the arrangement has now been fully agreed and the jointly owned company is up and running.
In April, Norwegian had 1,892,362 passengers, while Widerøe had 315,495 passengers, totalling 2,207,857 for the group. Capacity for Norwegian was up 18 percent compared to April last year, while the load factor was 80.3 percent. The airline operated an average of 81 aircraft this month, up from 73 in March, as the summer programme gets up to full speed.
Norwegian recorded an operating loss (EBIT) of NOK 763 million for the group in the first quarter of 2024. The results were significantly improved compared to first quarter 2023, even though this quarter was impacted by a weaker Norwegian krone. Norwegian’s liquidity position improved to NOK 10.4 billion in a quarter which includes the successful acquisition of Widerøe.
In March, Norwegian had 1,544,289 passengers, while Widerøe had 276,413 passengers, totalling 1,820,702 for the group. The load factor for Norwegian increased to 85 percent, up 4 percentage points compared to March last year. Norwegian recorded a strong regularity of 99.6 percent in March, while on-time performance also improved compared to previous months.
On April 2. 2004, the first ever Norwegian flight bound for Italy, took off from Oslo at 16.20 with 144 passengers of board headed to Pisa. Since then, Norwegian have flown more than 3,5 million passengers between Norway and Italy.
In February, Norwegian had 1,281,212 passengers, while Widerøe had 257,826 passengers, totalling 1,539,038 passengers for the group. Norwegian increased its load factor to 86 percent in February, up 2 percentage points compared to the same period last year and close to the highest ever load factor Norwegian has recorded for the month of February.
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.
