Norwegian Air Shuttle ASA
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Norwegian Air Shuttle ASA
Norwegian Air Shuttle ASA engages in the provision of aviation, other transport, and travel-related activities. The company is headquartered in Lysaker, Akershus. The company went IPO on 2003-12-18. The firm operates scheduled services with additional charter services. Its route portfolio stretches across Europe into North Africa and the Middle East, as well as long-haul routes to the United States and Southeast Asia. The firm has around 450 routes to more than 140 destinations on sale. The firm has approximately 260 undelivered aircraft on firm order. Its fleet combines various types of aircraft, including B788, A32Oneo, B737 Max 8, B738 and B738 S&LB, among others. The company is the parent company of the Norwegian Group and operates through subsidiaries, including Norwegian Air Shuttle Sweden AB, Call Norwegian AS, Arctic Aviation Assets Ltd and Norwegian Air UK Ltd, among others.
Norwegian Air Shuttle ASA engages in the provision of aviation, other transport, and travel-related activities. The company is headquartered in Lysaker, Akershus. The company went IPO on 2003-12-18. The firm operates scheduled services with additional charter services. Its route portfolio stretches across Europe into North Africa and the Middle East, as well as long-haul routes to the United States and Southeast Asia. The firm has around 450 routes to more than 140 destinations on sale. The firm has approximately 260 undelivered aircraft on firm order. Its fleet combines various types of aircraft, including B788, A32Oneo, B737 Max 8, B738 and B738 S&LB, among others. The company is the parent company of the Norwegian Group and operates through subsidiaries, including Norwegian Air Shuttle Sweden AB, Call Norwegian AS, Arctic Aviation Assets Ltd and Norwegian Air UK Ltd, among others.
Record Profitability: Norwegian delivered record high EBIT of NOK 3.071 billion and EBT of NOK 2.891 billion, with wider margins compared to last year.
Revenue Growth: Group revenue grew 6% to NOK 12.3 billion, driven by a 2% capacity increase and 4% rise in unit revenue.
Cost Efficiency: Unit cost excluding fuel fell by 6% year-on-year, reflecting effective cost control and benefits from Program X.
Fleet Expansion: Norwegian exercised options for 30 Boeing 737 MAX-8s, making a firm order of 80 aircraft for delivery by 2031; 14 aircraft were purchased this year, increasing the owned fleet to 17.
Dividend Initiation: The company paid its first-ever dividend of NOK 0.9 per share and aims to continue dividends going forward.
Positive Outlook: Winter season bookings are ahead of last year on both load and yield, and capacity will be reduced by 5% to optimize performance in the low season.
Operational Excellence: Both Norwegian and Widerøe continued to achieve high on-time performance and customer satisfaction scores.