Norway · Delayed Price · Currency is NOK Norse Atlantic ASA Earnings Call Transcripts
Fiscal Year 2025
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Q4 saw revenue rise to $156M with improved load factors and a strategic shift to ACMI, though losses persisted. December marked a profitability turning point, and 2026 guidance targets EBITDAR of $130–$150M and EBIT of $20–$40M, driven by cost cuts and premium focus.
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Q2 saw a $4.4M operational profit and 23% revenue growth, driven by high load factors and cost reductions. Charter contracts and a $30M convertible bond strengthen financials, with a 24% production increase planned for next year.
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Record-high load factors and a 51% increase in passengers drove a 23% revenue rise year-over-year, with a narrowed net loss and strong charter growth. Cost reduction plans and long-term contracts support a positive outlook despite market volatility.
Fiscal Year 2024
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Q4 2024 saw a 30% revenue increase and a 22% higher load factor, with net loss improving by $30 million year-over-year. A major charter deal with IndiGo secures long-term revenue, and cost-cutting initiatives are on track for $40 million in annual savings.
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Q3 2024 saw an $6M loss despite 8% revenue growth and higher load factors, as lower ticket fares and increased costs weighed on results. A major business transformation is underway, with a shift to long-term charters and significant cost reductions expected to drive profitability in 2025.
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Q2 saw revenue rise 65% year-over-year with over 400,000 passengers flown, but net loss remained due to accounting effects. Strategic shift to charters is driving profitability, with over half the fleet expected in charter by 2025 and improved cash flow from new credit card terms.