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Norwegian Air beats expectations, to pay first dividend

Budget airline Norwegian Air reported second-quarter earnings above market expectations today and said it would pay out a dividend for the first time.

Business • 11 Jul

Norway sells off remaining stake in Norwegian Air

Norway's government today said it had sold its remaining shares in Norwegian Air for 892 million crowns (€77.26m), divesting a stake stemming from the airline's pandemic-era restructuring.

Business • 04 Jun

Norwegian Air has not provided an annual operating profit outlook

Norwegian Air posts narrower-than-expected operating loss

Budget airline Norwegian Air has today reported a smaller-than-expected operating loss for the first quarter, and said the result was impacted by a stronger Norwegian crown against the US dollar.

Business • 08 May

Norwegian Air said its 2025 capacity growth would slow because of delays in Boeing aircraft delivery

Norwegian Air misses Q3 profit expectations

Norwegian Air has lowered the upper end of its 2024 profit forecast range after reporting third-quarter core earnings below market expectations, and said its 2025 capacity growth would slow because of delays in Boeing aircraft delivery.

Business • 25 Oct 24

The airline saw lower-than-expected traffic demand in the second quarter,

Norwegian Air lowers 2024 profit forecast

Norwegian Air has today lowered its annual profit outlook citing lower-than-expected second-quarter demand and aircraft delivery delays from Boeing.

Business • 04 Jul 24

Norwegian Air last month raised its earnings forecast for 2023 on the back of strong demand in the final two months of 2023

Norwegian Air Q4 beats forecast, eyes record 2024 profit

Norwegian Air reported fourth-quarter operating earnings above forecasts, lifting its full-year result to an all-time high, and said it expected its profit to hit a fresh record this year.

Business • 16 Feb 24

Norwegian Air has raised its earnings forecast for 2023

Norwegian Air raises full year 2023 profit forecast

Norwegian Air has today raised its earnings forecast for 2023, saying it now expects an operating profit of about 2.2 billion Norwegian crowns ($209.65m), up from an earlier range between 1.8 billion and 2 billion crowns.

Business • 24 Jan 24

Norway's competition authority was concerned that the acquisition could significantly weaken competition in the market

Norway greenlights Norwegian Air's deal for Wideroe

Norway's competition watchdog said it has approved the planned acquisition by Norwegian Air of domestic rival Wideroe after previously warning it could block the deal.

Business • 22 Dec 23

Norwegian Air's shareholders may have to wait until 2026 before they receive any cash

Norwegian approves dividend, but shareholders to wait

Norwegian Air's shareholders have voted in favour of the company's first dividend payout since its inception 30 years ago, but may have to wait until 2026 before they receive any cash.

Business • 21 Dec 23

Norwegian and Wideroe together operate 107 routes in Norway, five of which overlap

Watchdog says may stop Norwegian Air's Wideroe bid

Norway's competition watchdog warned today it may block Norwegian Air's bid for domestic rival Wideroe as it could lead to fewer and more expensive flights.

Business • 17 Nov 23

Ryanair's CEO Michael O'Leary said today that bookings to Israel have collapsed

Ryanair says up to govts whether airlines fly to Israel

Airlines wrestled with the safety risk of evacuation operations in Israel today, with Norwegian Air and Dutch KLM cancelling flights while Air France was going ahead with a special flight chartered by the French foreign ministry.

Business • 12 Oct 23

Norwegian Air said saw a 'historically strong' July, during its peak season, with total passenger traffic up 9% from last year

Norwegian Air eyes dividend payments as core profit up

Norwegian Air said today it had begun a process that could lead to cash dividend payments for shareholders as the carrier's second-quarter core operating profit rose amid strong demand for air travel in Europe.

Business • 24 Aug 23

Norwegian Air curtailed capacity by up to 30% to reduce costs during the first quarter of 2023

Norwegian Air posts Q1 loss, eyes seasonal summer boost

Norwegian Air has today reported a first-quarter loss and said strong booking numbers would give the budget carrier a boost for the summer season.

Business • 12 May 23

Norwegian Air plans to reduce capacity by a quarter during the winter months

Norwegian Air's third quarter net profit rises

Norwegian Air has today reported a rise in third-quarter net profit, boosted by recovery from the pandemic and a pilot strike at rival SAS, but said it would reduce capacity by a quarter during the winter months.

Business • 26 Oct 22

Jet fuel represented 46% of Norwegian's operating expenses in the second quarter, up from 27% in the first quarter

Norwegian Air sees negative fuel price impact

Norwegian Air Shuttle has today posted a second-quarter profit after a loss in the first three months of 2022, as pandemic-related travel curbs eased and an earlier impairment charge was reversed, but it flagged a hit from high fuel costs.

Business • 25 Aug 22

Norwegian Air has also secured options to acquire a further 30 planes

Norwegian Air orders 50 Boeing aircraft

Norwegian Air has agreed to buy 50 Boeing 737 MAX aircraft and has secured options to acquire a further 30 planes, the budget carrier said today.

Business • 30 May 22

Norse Atlantic Airways hopes to succeed where Norwegian Air failed

Airline Norse Atlantic to fly Gatwick-JFK from August

Norse Atlantic Airways said today it had begun ticket sales for flights between London and New York as the budget carrier seeks to take market share on one of the world's busiest long-haul routes.

Business • 27 May 22

Norwegian Air has cautioned that the cost of flying an aircraft was rising

Norwegian Air says fuel costs to impact recovery

Norwegian Air posted a loss for the first quarter today and said the surge in fuel costs will partly offset the positive effects of increased bookings for the summer season.

Business • 13 May 22

643,000 passengers travelled with Norwegian Air last month, up from 61,000 in February 2021

Norwegian Air's February traffic up ten-fold on 2021

Norwegian Air has today reported a ten-fold increase in February passenger traffic compared to the same month last year.

Business • 04 Mar 22

At its pre-pandemic peak, Norwegian Air had more than 160 planes

Norwegian Air leases 10 new Boeing planes from AerCap

Norwegian Air has signed lease agreements with AerCap for ten new Boeing 737-800 MAX 8 aircraft ahead of the European summer season of 2023, the airline said today.

Business • 28 Feb 22

Norwegian Air said it will increase this year the number of aircraft in operation to 70 from 51 at the end of 2021

Norwegian Air swings back to profit after restructuring

Norwegian Air has today reported a full-year profit for 2021 in a turnaround from losses suffered the previous year, and said booking trends point to busier travel ahead for Europe as Covid lockdown restrictions are lifted.

Business • 18 Feb 22

Norwegian Air has agreed to lease a further 13 planes to support growing demand

Norwegian Air's Q3 revenue rises as travel picks up

Norwegian Air has today reported a 68% rise in third-quarter revenue, as European travel gradually recovers from the pandemic.

Business • 28 Oct 21

Norwegian Air has cut its fleet by two-thirds following the outbreak of the Covid-19 pandemic

Norwegian Air bookings rise as travel curbs are lifted

Norwegian Air expects bookings to rise in the coming months as European travel resumes in the aftermath of Covid-19 restrictions, but is still unable to provide financial guidance for the rest of 2021, it said today.

Business • 31 Aug 21

Norwegian paid out bonuses of about $3.5m to managers as a reward for saving the company

Norwegian Air showed poor judgement in paying bonuses

Budget carrier Norwegian Air showed poor judgement when it paid bonuses to top management just weeks after emerging from government-backed bankruptcy proceedings, Norway's industry minister said today.

Business • 29 Jun 21

Icelandic airline Play launches its maiden flight this week to London Stansted from Reykjavik

New airlines hope to take a bite out of Nordic market

Icelandic airline Play launches its maiden flight this week, the latest newcomer betting on cheap planes and pent-up travel demand, undeterred by the near collapse of the region's Norwegian Air.

Business • 24 Jun 21