The Norwegian Group reported record strong figures during the second quarter, with a profit before tax (EBT) of above NOK 1 billion. Operational performance remained stellar, with Norwegian among the top European airlines on punctuality. In addition, the company announced that it will pay a dividend for the first time in its history, of NOK 0.90 per share, to be paid in August.
During the second quarter, the Norwegian Group recorded an operating profit (EBIT) of NOK 1,250 million and an operating margin of 12.2 percent, the second highest second-quarter result in the company’s history. The liquidity position increased to NOK 13.8 billion, up NOK 3.4 billion from the previous quarter, positively impacted by strong operational cash flow and the completed financing of ten previously acquired aircraft.
“We are very pleased to report a record second quarter across several metrics for both Norwegian and Widerøe. The operating profit and margin are the second highest we have ever had in this quarter, and the passenger numbers and load factor are the highest in a second quarter since 2019. In addition, we have reached a significant milestone as Norwegian, for the first time in our 23-year long history, will pay out a dividend of NOK 0.90 per share,” said Geir Karlsen, CEO of Norwegian.
Dividend payment
The dividend has been decided by Norwegian’s Board of Directors in accordance with the authorisation from the annual general meeting and will be paid in August. Norwegian will deposit the full outstanding amount of the remaining corporate bond, enabling the company to pay dividends. The dividend will primarily be funded from the company’s dividend fund.
In the second quarter of 2025, the Norwegian group had 7.6 million passengers, of which 6.5 million were passengers of Norwegian and 1.1 million of Widerøe. Compared to the same period last year, the number of passengers increased by 192,000 and 82,000 for Norwegian and Widerøe, respectively. The quarterly load factor for Norwegian was 85.2 percent, up 2.8 percentage points from last year, while Widerøe had a load factor of 73.9 percent, an increase of 3.7 percentage points from the same period last year.
Robust booking trend
“We continue to see good booking figures, and the trend for Norwegian for July, August, and the autumn season is encouraging, with close to ten percent more tickets sold compared to the same time last year. With the recent acquisitions of 13 aircraft previously on lease to Norwegian, along with the agreement to purchase eleven CFM LEAP-1B spare engines, we are making important progress as our fleet strategy begins to bear fruit. In short, we are seeing a lot of positives going into the second half of 2025,” said Geir Karlsen.
For detailed information, please see attached report and presentation.
For further information, please contact:
Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661
Fornebu, 11 July 2025
Norwegian Air Shuttle ASA
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jesper M. Hatletveit, VP Investor Relations at Norwegian Air Shuttle ASA, on 11 July 2025 at 07:00 CET/CEST.