Norwegian doubles 2019 underlying operating result before ownership costs and achieves cost-reduction target

Press releases   •   Feb 13, 2020 06:34 UTC

Norwegian today reported its full year and fourth quarter 2019 results. Year on year, unit revenue increased in nine consecutive months, driven by maturing routes and the optimization of Norwegian's global route network. The punctuality has improved considerably during the past six quarters, and in the fourth quarter 2019 it was up 3.1 percentage points to 82.6 percent.

Norwegian reports higher unit revenue, record high punctuality and higher load factor

Press releases   •   Feb 06, 2020 08:00 UTC

Norwegian’s traffic figures for January show that the company continues to deliver on its strategy of moving from growth to profitability with significant improvement in unit revenue, load factor and record high punctuality.

Norwegian implements new hand baggage policy

Press releases   •   Jan 23, 2020 09:05 UTC

To ensure that everyone travelling with Norwegian has a smooth, comfortable flight that departs on time, the company is today implementing a new hand baggage policy. Bookings made before January 23rd will not be affected by the new policy.

Norwegian reports higher unit revenue, better on-time performance and lower CO2-emissions in 2019 – unit revenue increase by 21 percent in December

Press releases   •   Jan 07, 2020 07:00 UTC

Norwegian’s traffic figures for 2019 show that the company is delivering on its strategy of moving from growth to profitability. The planned capacity reduction and optimisation of the route network have had a positive impact on the figures. In 2019, the capacity, in terms of seat kilometre, was 1 percent higher than the previous year; a little over the previously announced zero growth.

Norwegian upcycles uniforms into a series of new, sustainable products

Press releases   •   Dec 16, 2019 16:08 UTC

Norwegian’s latest project with UNICEF helps children in need, provides work for immigrant women and reduces the company’s environmental impact. By upcycling the company’s uniforms, thousands of items can be saved from the bin – a crucial move in the fight against textile waste.

Norwegian’s unit revenue increased by 18 percent in November

Press releases   •   Dec 05, 2019 07:00 UTC

Norwegian’s traffic figures for November shows an increased unit revenue for the eighth consecutive month and was up 18 percent compared to the same month previous year. At the same time, the capacity was reduced, which is in line with the company’s strategy. The load factor was 83 percent, up by 4.2 percentage points.

Norwegian sells Argentinian subsidiary to JetSMART Airlines

Press releases   •   Dec 04, 2019 15:34 UTC

Norwegian Air Shuttle has signed an agreement for the sale of 100 per cent of its Argentinian subsidiary Norwegian Air Argentina (NAA) to JetSMART Airlines. “We’re taking necessary steps to return to profitability,” said acting CEO Geir Karlsen.

Jacob Schram appointed new CEO of Norwegian

Press releases   •   Nov 20, 2019 10:37 UTC

Norwegian’s Board of Directors has today appointed Jacob Schram as CEO of Norwegian, starting January 1st 2020. Geir Karlsen will continue as CFO and Deputy CEO.

Norwegian has raised new capital

Press releases   •   Nov 06, 2019 11:56 UTC

Norwegian has raised NOK 2.5 billion in gross proceeds through a private placement and a convertible bond issue of USD 150 million. After the completion of the transactions, Norwegian is fully funded through 2020 and beyond.

Norwegian reports higher load factor and unit revenue in October

Press releases   •   Nov 05, 2019 15:56 UTC

Norwegian’s traffic figures for October shows an increased unit revenue for the seventh consecutive month and was up six percent compared to the same month previous year. The load factor was up by more than two percent.

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About Norwegian

Norwegian is one of the world’s largest low-cost airlines

Norwegian is a listed company on the Oslo Stock Exchange and is one of the largest low-cost airlines in the world, operating 500 routes to 150 destinations in Europe, North Africa, Middle East, Thailand, the U.S and South America. In 2019, Norwegian carried more than 36 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 just 4.6 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 2015-2019 at SkyTrax World Airline Awards. The company has twice been named the most fuel-efficient airline on transatlantic routes by the International Council on Clean Transportation (ICCT).

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