Budget airline Norwegian Air Shuttle has today beaten market expectations for its third-quarter earnings, helped by higher demand during the summer across its markets.
The carrier's operating profit jumped 41% year-on-year to 3.02 billion Norwegian crowns ($300.70m) in the July-September quarter, above an estimate of 2.8 billion crowns in company-compiled consensus.
The profit figure was the highest quarterly operating profit in the airline's history, it said.
"The Norwegian Group has experienced robust demand trends across markets this summer and through the third quarter of 2025," the airline said in the earnings report.
Its unit costs - the average cost of flying an aircraft seat - fell 5% from a year earlier to 0.64 crowns in the quarter.
Norwegian was able to counter cost pressure partly thanks to initiatives launched under its cost-savings programme and a strengthening Norwegian crown against the US dollar, it said in the earnings report.
The airline industry is slowly recovering from the pandemic-induced slump but still faces rising costs. Norwegian reported record passenger numbers and load factor in June and said in July that it would distribute its first ever dividend.
The carrier, which flies mostly regionally in Europe, reiterated its capacity outlook at about 37,500 million seat kilometres for 2025. It expects unit cost excluding fuel to be unchanged from 2024.
