Norway · Delayed Price · Currency is NOK Norwegian Air Shuttle ASA Earnings Call Transcripts
Fiscal Year 2025
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Record EBIT and strong margins were achieved in 2025, with robust passenger growth, improved load factors, and a solid liquidity position. Capacity and profitability are set to rise in 2026, supported by fleet expansion, cost control, and new distribution initiatives.
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Record EBITDA and net profit driven by strong passenger growth, cost control, and fleet renewal. Dividend initiated, balance sheet strengthened, and capacity aligned for winter. Program X and synergies with Widerøe support future profitability despite rising regulatory costs.
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Q2 2025 saw record profitability, strong revenue growth, and the first-ever dividend, driven by higher yields, increased load factors, and successful integration of Widerøe. Liquidity and balance sheet strength support ongoing growth, with cost initiatives and market share gains positioning the group for continued success.
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Q1 2025 saw a seasonal EBIT loss, but strong liquidity, cost reductions from aircraft acquisitions, and robust summer bookings. Passenger growth and improved load factors were reported, with Program X targeting NOK 1 billion+ profit improvement by 2026.
Fiscal Year 2024
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Q4 revenue rose 39% year-over-year to NOK 8.2 billion, driven by the Widerøe acquisition and capacity growth. Full-year EBIT reached NOK 1.873 billion, with strong cash and liquidity. Program X aims to boost profitability and synergies in 2025.
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Q3 2024 saw record EBIT and strong cash flow, with Widerøe now profitable and synergies expected to grow. Boeing delivery delays will limit 2025 growth, shifting focus to cost control and operational efficiency. Forward bookings and demand remain robust.
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Q2 2024 saw strong revenue growth and improved liquidity, but profit declined year-over-year due to cost pressures, market softening, and Boeing delivery delays. Widerøe outperformed expectations, and integration synergies are expected to materialize in 2025.