Airline Norwegian reported first-quarter revenue in line with expectations, while its operating result came in better than anticipated.
Revenue rose 4.9 percent to NOK 6,904 million (6,582), compared with the company's analyst consensus of 6,884.
Passenger numbers totaled 5.17 million (5.06).
EBITDAR (earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs) amounted to NOK 904 million (61), significantly beating the expected 215 million, with an EBITDAR margin of 13.1 percent (0.9).
The operating result was NOK -220 million (-611), compared to a projected loss of -954 million.
The adjusted operating result amounted to NOK -504 million (-838).
The loss before tax was NOK -459 million (-756).
The net loss narrowed to NOK -362 million (-757), outperforming the analyst consensus of -950 million.
Earnings per share were NOK -0.34 (-0.82), better than the consensus estimate of -0.90.
'Current booking trends and a favorable supply-demand balance in the European aviation market contribute to an overall positive outlook for the Norwegian Group,' the company stated in its outlook. Leisure destinations in southern and southwestern Europe are reported to be particularly popular.
At the same time, the company flagged that jet fuel costs are expected to increase significantly for the full year 2026 compared to the previous year, due to current market conditions.
Norwegian Air Shuttle ASA is a Norwegian airline company organized around 3 areas of activities:
- passenger transportation services (84.3% of net sales);
- services (12.7%): reservation, luggage management, ticket sales services, etc.;
- other (3%).
At the end of 2025, the group has a fleet of 146 aircraft.
Net sales are distributed geographically as follows: Norway (49.9%), Spain (12.7%), Denmark (8.8%), Sweden (8.6%), the United Kingdom (3.2%), Finland (2.5%), Italy (2.4%), France (2.1%), Germany (1.3%), Greece (1.1%) and other (7.4%).
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