Norwegian presents 2018 full year results and the strategy for returning to profitability

Press Releases   •   Feb 07, 2019 06:00 GMT

Norwegian today reported its full year and fourth quarter 2018 results, figures strongly affected by engine issues, fuel hedge losses and tough competition in a period of strong growth. The net loss was NOK 1,454 million in 2018, while the company’s unit costs, excluding fuel, have decreased by 12 percent during the same period.

Norwegian reports 13 percent passenger growth in January

Press Releases   •   Feb 06, 2019 07:00 GMT

Norwegian carried more than 2.6 million passengers in January, an increase of 13 percent compared to the same month previous year.

Norwegian launches new Premium Wi-Fi on European flights

Press Releases   •   Feb 03, 2019 07:00 GMT

Norwegian is today continuing to enhance the passenger experience by commencing the rollout of new and improved inflight Wi-Fi connectivity onboard the airline’s Boeing 737-800 fleet. Short-haul passengers will receive high-speed Wi-Fi fast enough to stream video content and the rollout will be completed on 113 Boeing 737-800 aircraft by mid-February 2019.

Norwegian secures three billion NOK through fully underwritten rights issue

Press Releases   •   Jan 29, 2019 07:03 GMT

Norwegian is strengthening its balance sheet through a fully underwritten rights issue of three billion NOK in order to increase its financial flexibility and create headroom to the covenants of its outstanding bonds. The company has during the past years made considerable investments in new aircraft and launched a wide range of new routes. The growth will now abate and the profitability increase.

Norwegian’s closure of bases will have little or no impact on customers

News   •   Jan 17, 2019 09:49 GMT

​The closure some of Norwegian’s crew bases will have little or no effect on already scheduled flights that are out for sale and customers who have booked flights with Norwegian. Norwegian will not stop offering flights to popular vacation destinations such as Las Palmas, Mallorca and Thailand, as some media have reported.

New technology reduces Norwegian’s CO2 emissions by 16,000 tons per year

Press Releases   •   Dec 12, 2018 12:32 GMT

Norwegian continues its work for a more sustainable aviation industry by signing a three-year contract with AVTECH Sweden AB. The agreement is based on a successful test project, which resulted in a reduced fuel consumption of 22 kilos per flight. This equals an annual CO2 reduction of 16,000 tons - or a reduction of 5,000 tons of fuel per year, which in turn leads to reduced costs for Norwegian.

Norwegian reports strong passenger growth in November

Press Releases   •   Dec 06, 2018 07:00 GMT

Norwegian reported strong passenger growth as it carried almost 2.9 million passengers in November, an increase of 14 percent compared to the same month previous year.

Norwegian launches new flights between London and Rio de Janeiro

Press Releases   •   Nov 27, 2018 10:50 GMT

Norwegian launches its first flights to Brazil with a brand-new direct route from London to Rio de Janeiro. The new route to Rio de Janeiro follows Norwegian’s existing service to South America with direct flights from London to the Argentinian capital, Buenos Aires.

Norwegian reports continued passenger growth in October

Press Releases   •   Nov 06, 2018 07:00 GMT

An increasing number of passengers choose to fly with Norwegian. The company carried a total of almost 3.4 million passengers in October, an increase of 8 percent compared to the same month the previous year.

Norwegian reports a result of 1.6 bn NOK in the third quarter

Press Releases   •   Oct 25, 2018 07:00 GMT

Norwegian (NAS) today reported a result (EBT) of 1.6 billion NOK for the third quarter 2018. The company continued to reduce its unit costs despite a capacity growth of 33 per cent. Going forward, the growth will abate, consequently further reducing unit cost.

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About Norwegian

Norwegian is the world’s fifth largest low-cost airline

Norwegian is a listed company on the Oslo Stock Exchange and is the world's fifth largest low-cost airline operating 500 routes to 150 destinations in Europe, North Africa, Middle East, Thailand, Caribbean, the U.S and South America. In 2018, Norwegian carried around 37 million passengers. Norwegian has almost 11,000 employees and a modern, environmentally friendly fleet of more than 160 aircraft with an average age of 3.8 years. Norwegian has been voted ‘Europe’s best low-cost carrier’ by passengers for six consecutive years from 2013-2018, along with being awarded the ‘World's best low-cost long-haul airline’ for five consecutive years from 2015-2018 at SkyTrax World Airline Awards.

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