Not for publication: Norwegian Group presents fourth quarter results
The Norwegian Group presents fourth quarter results on Thursday 13 February.
The Norwegian Group presents fourth quarter results on Thursday 13 February.
Today, Norwegian opens the sale of flight tickets for the next winter season. From the UK, travelers can enjoy direct flights from London Gatwick, Manchester, and Edinburgh to various Nordic destinations. The airline will continue its popular winter routes to Tromsø and Rovaniemi, as well as flights to Nordic capitals and other regional cities.
In January, Norwegian had 1,273,809 passengers, while Widerøe had 294,066 passengers, totalling 1,567,875 for the group. The number of passengers increased by 12 percent for Norwegian and 19 percent for Widerøe compared to January 2024. Norwegian had a capacity increase of 23 percent compared to last year.
In December, Norwegian had 1,476,256 passengers, while Widerøe had 293,257 passengers, totalling 1,769,513 for the group. Capacity for Norwegian was up 24 percent, while the load factor was somewhat down from last year. During the year, over 26.4 million passengers travelled with Norwegian and Widerøe.
The Oslo District Court has today rendered its judgement in the proceedings on the EU ETS obligations during Norwegian’s reconstruction. The court’s ruling is that Norwegian was not obliged to fulfil its EU ETS obligations for 2020 and that the penalty imposed for the failure to meet these obligations was unlawful.
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.
For the 2025 summer season, Norwegian is launching 17 new routes, including three from the UK. In total, next year's summer program features an extensive network of 344 routes to 128 destinations.
In November, Norwegian had 1,531,361 passengers while Widerøe had 326,041 passengers, totalling 1,857,402 for the group. Capacity for Norwegian was up a solid 28 percent, while the load factor remained stable. Average flying distance increased by 17 percent compared to last year as the network includes more routes to warm winter and arctic tourism destinations.
Norwegian and Strawberry’s new digital loyalty currency, Spenn, has been launched in the Nordic market. Spenn will make it easier to earn and use points across loyalty programmes, beginning with flights and hotel stays.
In October, Norwegian had 2,197,751 passengers while Widerøe had 372,757 passengers, totalling 2,570,508 for the group. Capacity for Norwegian was up 10 percent, while the load factor was close to 87 percent, resulting in a record load factor this year if we exclude the peak summer month of July.
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.
In September, Norwegian had 2,263,270 passengers while Widerøe had 356,259 passengers, totalling 2,619,529 for the group. The capacity was up 10 percent while the number of passengers rose by 11 percent compared to September 2023. Norwegian responds actively to external challenges impacting the airline by maintaining a strong focus on costs, even with positive September traffic figures.
In August, Norwegian had 2,369,469 passengers while Widerøe had 340,955 passengers, totalling 2,710,424 for the group. The positive trend continues with a passenger growth of 10 percent from August last year. Norwegian’s load factor was slightly up in a month that had a capacity increase of 11 percent compared to the same period last year.
Norwegian’s award-winning benefits program Norwegian Reward offers this autumn a shortcut to the top-level Priority for all SAS EuroBonus members with gold and diamond cards.
In July, Norwegian had 2,526,093 passengers while Widerøe had 331,035, totalling 2,857,128 for the group. For Norwegian, this represents a passenger growth of 9 percent from July last year and the highest number of passengers since 2019. Unit revenue equalled the record figure from July last year.
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.
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.