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.
In March, Norwegian had 1,544,289 passengers, while Widerøe had 276,413 passengers, totalling 1,820,702 for the group. The load factor for Norwegian increased to 85 percent, up 4 percentage points compared to March last year. Norwegian recorded a strong regularity of 99.6 percent in March, while on-time performance also improved compared to previous months.
In February, Norwegian had 1,281,212 passengers, while Widerøe had 257,826 passengers, totalling 1,539,038 passengers for the group. Norwegian increased its load factor to 86 percent in February, up 2 percentage points compared to the same period last year and close to the highest ever load factor Norwegian has recorded for the month of February.
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 improves and receives the highest possible score in several categories for its emission reduction initiatives in this year’s global climate ranking from the international organisation CDP.
In January, Norwegian Air Shuttle had 1,138,621 passengers, while Widerøe had 246,326 passengers. This means that the Norwegian Group had 1,384,947 passengers in total. Norwegian increased its load factor to 83.1 percent in January, up 5 percentage points compared to the same period last year.
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.
In December, Norwegian had more than 1.3 million passengers and recorded a strong load factor of 83.6%, 6 percentage points higher than December 2022. Throughout 2023, Norwegian carried over 20 million passengers, a 16 percent increase from the previous year.
Norwegian had 1.3 million passengers and a load factor of 82.3 percent in November. Norwegian is still experiencing robust demand for air travel. Regularity was record-high with 99.9 percent of all scheduled flights taking place.
Norwegian launches a total of 40 new routes, including new point-to-point routes outside the Nordics.
Norwegian had 2.1 million passengers and a load factor of 86.1 percent in October. Air travel demand was particularly high during the Nordic autumn holidays when many travellers flew to destinations across Europe. Regularity was high with 99.4 percent of all scheduled flights taking place.
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.
