Norwegian has outlined a new initiative known as Program X, aiming to significantly boost its long-term financial performance. The program, announced as part of its strategic planning, sets a clear goal of delivering a profit improvement exceeding $96.4 million annually starting from 2026. This target marks a critical step in Norwegian’s post-pandemic recovery efforts and reflects a broader trend…
Norwegian, the low-cost carrier based in Norway, has confirmed that it will repay half of the $115 million convertible loan previously granted by the Norwegian government. The remaining balance of the loan will be converted into equity, effectively leaving the State with a 6.37% ownership stake in the airline.
Norwegian Group has posted a net loss of $73.4 million for the first quarter of 2025, based on operating revenue of $639 million. The report reflects ongoing cost pressures and seasonal demand fluctuations typical of the first quarter, particularly in Europe’s low-cost air travel sector.
Norwegian, one of Europe’s largest low-cost carriers, has announced an agreement to purchase ten Boeing 737-800 aircraft that are currently part of its leased fleet. The airline will fund the transaction using cash on hand, with the deal expected to be finalized in Q1 2025.
Norwegian has announced plans to establish a new pilot base in Sweden, set to open in April 2025. This move reflects the airline’s long-term commitment to expanding operations in Sweden, which it views as a critical market for 2025 and 2026.
Norwegian has implemented Program X, a strategic profitability program aimed at enhancing cost efficiency and operational synergies. The initiative is led by Jeanette Bo-Alnes, the newly appointed Chief Performance Officer, and will run until at least the end of 2026.
Norwegian has revised its 2024 group operating profit forecast to approximately US$161 million, reflecting a lower-than-expected performance. The adjustment is largely attributed to balance sheet changes resulting from the weakening of the Norwegian Krone (NOK) against the US Dollar (USD) during the fourth quarter of 2024.
Norwegian, the low-cost carrier based in Norway, has announced that it will discontinue its route between Evenes and London after only two months of service. The decision to drop the route comes as a result of insufficient demand, which made it unsustainable to continue operations. The short-lived route highlights the challenges airlines face in assessing and adapting to market demands,…
The Norwegian Group has announced its October 2024 traffic results, reporting a total of 2.6 million passengers. This figure reflects sustained growth for the group, which includes both Norwegian and Wideroe airlines. Norwegian’s own metrics saw Available Seat Kilometers (ASKs) increase by 10% year-over-year, while Revenue Passenger Kilometers (RPKs) rose by 11%, indicating strong demand. Additionally, Norwegian’s load factor (LF) improved by 0.6 points to reach 86.8%, showcasing efficient capacity management during…
Norwegian Air Shuttle is facing significant delays in the delivery of its anticipated Boeing aircraft, with the arrival of its first B737 MAX now postponed until 2025.
