Press release -

Norwegian First Quarter Results 2010

  • First quarter revenue up by 15 % to MNOK 1,592.2 (1,387.3).

 

  • Earnings before depreciation and leasing (EBITDAR) in the first quarter were MNOK -22.8    (48.5)

 

  • Earnings before depreciation (EBITDA) in the first quarter were MNOK -192.2 (-101.9).

 

  • Net result after tax in the first quarter was MNOK -199.1 (-109.6).

 

  • Ancillary revenue pr passenger up 14 % in the first quarter.  

 

  • The number of passengers in the first quarter was 2.7 mill (+28%).

 

  • Unit cost was NOK 0.51 in the first quarter compared to NOK 0.56 in the first quarter last year. Unit cost excluding fuel was NOK 0.40 in the first quarter compared to NOK 0.45 in the first quarter last year.

 

  • Cash and money market deposit of MNOK 1,628 as of 31.03.10

 

  • Cash flow from operating activities in first quarter MNOK 398 (125)

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Contacts

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For journalists only

Press contact Norwegian Press Office +47 815 11 816
Marketing/sponsorhip requests: marketing@norwegian.com

Marketing/sponsorhip requests: marketing@norwegian.com

Press contact Marketing/sponsorship requests: marketing@norwegian.com

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Norwegian cuts costs – strengthening its competitive position

Today, Norwegian announced financial results for the first quarter, showing a unit cost of NOK 0.40 ex. fuel. This represented a large cost reduction compared to the same period last year. More than 2.7 million passengers chose to travel with Norwegian in the first quarter of 2010, an increase of 28 per cent compared to the same period last year.

Norwegian.com

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.

Norwegian

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