Norwegian

CFO Geir Karlsen appointed interim CEO of Norwegian as Bjørn Kjos steps down

Press releases • Jul 11, 2019 05:30 UTC

After 17 years as the CEO of Norwegian Air Shuttle, Bjørn Kjos (72) will leave the position and continue in a new role as an advisor to the Chairman, with effect from July 11th. Until Norwegian appoints a new CEO, CFO Geir Karlsen (54) will act as interim CEO, while Chairman Niels Smedegaard (57) will take on a more active role in the management.

Norwegian’s financial turnaround moves in the right direction: Increased revenue and reduced cost

Press releases • Jul 11, 2019 05:01 UTC

Norwegian’s second quarter results are characterized by reduced growth and improved profitability, in line with the company’s strategy. Despite the reduced production growth and grounding of the Boeing 737 MAX aircraft, the underlying operating result before ownership costs more than doubled from the same quarter in 2018.

Norwegian reports improved unit revenue and higher load factor in June

Press releases • Jul 04, 2019 06:00 UTC

Norwegian carried almost 3.5 million passengers in June. The company’s unit revenue improved by 10 percent compared to the same month previous year.

Norwegian is voted Europe’s Leading Low-Cost Airline 2019 for 5th consecutive year

Press releases • Jun 09, 2019 07:00 UTC

Norwegian has been named Europe’s Leading Low-Cost Airline 2019 for the fifth consecutive year at the 26th annual World Travel Awards, one of the travel industry's most prestigious awards.

Norwegian reports improved unit revenue and on-time performance in May

Press releases • Jun 06, 2019 06:00 UTC

Norwegian carried almost 3.4 million passengers in May. The company’s on-time performance improved for the ninth consecutive month.

Norwegian reports passenger growth and improved on-time performance in April

Press releases • May 07, 2019 06:00 UTC

Norwegian carried more than 3.1 million passengers in April, an increase of three percent compared to the same month previous year. The figures for April are not directly comparable with the same month last year due to the Easter effect. However, the combined development for March and April, is positive.

Norwegian reports increased revenues and reduced costs for the first quarter

Press releases • Apr 25, 2019 05:35 UTC

Norwegian today reported its first quarter results. The quarter was characterized by reduced costs, increased revenue and significantly improved on-time performance. The net loss was NOK 1,489 million, while the company’s unit cost excluding fuel decreased by 8 per cent during the same period. The total revenue was NOK 8 billion, up 14 per cent.

Norwegian Air Shuttle ASA Chairman of the Board resigns following Annual General Assembly in May

Press releases • Mar 18, 2019 15:34 UTC

Bjørn H. Kise has notified the election committee that he will resign as Chairman of the Board of Norwegian Air Shuttle ASA following the Annual General Meeting (AGM) on May 7, 2019. The election committee has now started working on identifying new candidates for the position as Chairman of the Board. Kise has been a member of the Board of Norwegian Air Shuttle ASA since 1993 and as Chairman since 2010.

“The decision to resign from the Board of Norwegian is mine. It has not been an easy decision, but after 25 years on the board, many of which as Chairman, I am confident that this is the right decision. I have now reached an age where it is time to make room for new forces. This is also in line with my discussions with the election committee ahead of the AGM for 2018,” said Kise.

Norwegian is a listed company on the Oslo Stock Exchange and is the world's fifth largest low-cost airline operating 500 routes to 150 destinations in Europe, North Africa, Middle East, Thailand, Caribbean, the U.S and South America. In 2018, Norwegian carried around 37 million passengers. Norwegian has almost 11,000 employees and a modern, more environmentally friendly fleet of more than 170 aircraft with an average age of 3.8 years. Norwegian has been voted ‘Europe’s best low-cost carrier’ by passengers for six consecutive years from 2013-2018, along with being awarded the ‘World's best low-cost long-haul airline’ for four consecutive years from 2015-2018 at SkyTrax World Airline Awards.

For more information, visit www.norwegian.com

"Our first priority is to take care of our customers"

Press releases • Mar 13, 2019 14:56 UTC

"First and foremost, I would like to apologise to our customers who are affected by the temporary grounding of our 737 MAX aircraft. Now our first priority is to look after our customers in the best possible way. Our colleagues in Norwegian are working tirelessly to find solutions for passengers who have been affected," says Norwegian CEO Bjørn Kjos:

Norwegian is a listed company on the Oslo Stock Exchange and is the world's fifth largest low-cost airline operating 500 routes to 150 destinations in Europe, North Africa, Middle East, Thailand, Caribbean, the U.S and South America. In 2018, Norwegian carried around 37 million passengers. Norwegian has almost 11,000 employees and a modern, more environmentally friendly fleet of more than 160 aircraft with an average age of 3.8 years. Norwegian has been voted ‘Europe’s best low-cost carrier’ by passengers for six consecutive years from 2013-2018, along with being awarded the ‘World's best low-cost long-haul airline’ for four consecutive years from 2015-2018 at SkyTrax World Airline Awards.

For more information, visit www.norwegian.com

Norwegian temporarily suspends flights with the Boeing 737 MAX, following recommendations by European aviation authorities

Press releases • Mar 12, 2019 13:46 UTC

Following the decision by the relevant aviation regulatory bodies to temporarily suspend operations of Boeing 737 MAX, Norwegian will not operate any flights with this aircraft type until further notice. We remain in close dialogue with the aviation authorities and Boeing, and follow their instructions and recommendations.

Norwegian has more than 110 Boeing 737–800 aircraft in its fleet, which is not affected by this temporary suspension.

We would like to apologize to customers who will be affected by temporary cancellations and delays, but the safety and security of our customers and colleagues will never be compromised, and once authorities advise to cease operations we will of course comply.

Tomas Hesthammer, Norwegian’s acting Chief Operating Officer said:

“In response to the temporary suspension of Being 737 MAX operations by multiple aviation authorities we have taken the decision to not operate flights using this aircraft type, until advised otherwise by the relevant aviation authorities. We would like to apologize to customers for any inconvenienced caused, however, safety will always remain our top priority.”

Norwegian is a listed company on the Oslo Stock Exchange and is the world's fifth largest low-cost airline operating 500 routes to 150 destinations in Europe, North Africa, Middle East, Thailand, Caribbean, the U.S and South America. In 2018, Norwegian carried around 37 million passengers. Norwegian has almost 11,000 employees and a modern, more environmentally friendly fleet of more than 160 aircraft with an average age of 3.8 years. Norwegian has been voted ‘Europe’s best low-cost carrier’ by passengers for six consecutive years from 2013-2018, along with being awarded the ‘World's best low-cost long-haul airline’ for five consecutive years from 2015-2018 at SkyTrax World Airline Awards.

For more information, visit www.norwegian.com