Norwegian to purchase ten Boeing 737-800 aircraft
Norwegian has announced an agreement to buy ten Boeing 737-800 aircraft that are currently a part of its leased fleet. The transaction is expected to close in the first quarter of 2025.
Norwegian has announced an agreement to buy ten Boeing 737-800 aircraft that are currently a part of its leased fleet. The transaction is expected to close in the first quarter of 2025.
For 2024, the Norwegian Group delivered an operating profit (EBIT) of NOK 1,873 million, the second highest in company history. The fourth quarter resulted in a negative operating result (EBIT) of NOK 93 million, impacted by the weakening NOK against USD. The year included a highly successful acquisition of Widerøe, as well as a significant capacity growth throughout the year.
The Norwegian Group presents fourth quarter results on Thursday 13 February.
Norwegian is partnering with four schools for pilot education. The collaboration aims to secure future competence and workforce in a critical industry. The agreement is a win-win for the company and for cadets who are offered jobs after completing their studies.
The Norwegian Group delivered an operating profit (EBIT) of NOK 2,128 million in the third quarter of 2024. The quarter was characterised by capacity growth for Norwegian and improving load factors for both airlines within the group. Widerøe contributed solidly and, for the first time ever in a quarter, carried over 1 million passengers.
The first use of biofuel for the defence sector's business trips with Norwegian was marked at Ålesund Airport Vigra today. Norwegian will blend 15 percent biofuel on over 1 million business trips until 2028. The agreement is the largest of its kind in Norwegian history, and most likely the first in a NATO context.
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.
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.
Norwegian today reported its fourth quarter and preliminary full-year results for 2023. For the full-year of 2023, Norwegian delivered an operating profit (EBIT) of NOK 2,232 million, the highest operating profit in company history. The liquidity position improved through the quarter to NOK 9.5 billion at year-end.
Norwegian is now a shareholder in Norsk e-Fuel. The company will establish what could be the world's first large-scale production facility for electrofuel. The fossil-free jet fuel will be produced at a plant in Mosjøen in Nordland. The partnership will give Norwegian early access to essential fossil-free aviation fuels.
Norwegian delivered a profit before tax (EBT) of NOK 2,050 million in the third quarter of 2023, the second-best quarterly result in the 21-year history of the company. Norwegian has had a very strong summer, both operationally and financially, and also delivered best-in-class on punctuality and regularity in Europe.
Norwegian is to purchase fossil-free aviation fuel to power the equivalent of 100 flights between Aalborg and Copenhagen. The initiative proves that reducing the climate footprint of Danish aviation is already possible today.