Press release -

Most profitable Q2 in Norwegian's history

Today Norwegian presents the company's most profitable second quarter ever. Earnings before tax (EBT) in Q2 were MNOK 245, an improvement with more than MNOK 330 compared to the same period in 2008. Norwegian carried close to 2.8 million passengers in the second quarter of 2009 - an increase of 440 000 passengers compared to last year.

The turnover in Q2 was BNOK 1.9, an increase of 23 percent. In Norway, the domestic revenue increased by 27 per cent. The Group had a solid load factor of 78 per cent, which is equivalent to the same period last year.

"A low cost base is crucial"

- I am very pleased with the company's performance. Despite operating in an industry facing large economic challenges, we deliver the most profitable second quarter in the company's history. Our competitive cost base enables us to be profitable across our whole route network. In August, Norwegian will also launch two new domestic routes. We are optimistic about both Molde and Haugesund, says CEO Bjørn Kjos.

- Despite the industry wide decline in traffic figures, both in Norway and Europe, Norwegian has experienced a significant passenger growth.The fact that more passengers chose to travel with Norwegian during such times is a strong vote of confidence, and we are determined to work hard to deserve the loyalty of our customers going forward, says Kjos.

Key figures 2. quarter 2009 (Q2 2008)

Passengers: 2.8 million (2.3 million)

Revenue: 1.9 BNOK (1.6 BNOK)

Load factor: 78 per cent (78 per cent)

EBITDAR: 418 MNOK (68 MNOK)

EBITDA: 258 MNOK (- 42 MNOK)

EBT: 245 MNOK (-86 MNOK)

Net result: 180 MNOK (- 62 MNOK)

For further information, please follow the link:

Contacts:

SVP Corporate Communications Anne-Sissel Skånvik, tel 48 99 44 40

CFO Frode Foss, tel 91 63 16 45

Contacts

For journalists only

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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Most profitable Q2 in Norwegian's history
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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.

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