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Norwegian has raised new capital

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

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 passenger growth and higher punctuality in February

Norwegian reports passenger growth and higher punctuality in February

Press releases   •   Mar 11, 2019 07:00 UTC

Norwegian carried more than 2.5 million passengers in February, an increase of 8 percent compared to the same month previous year. The growth is now slowing down considerably, in line with the strategy of returning to profitability.

Norwegian secures three billion NOK through fully underwritten rights issue

Norwegian secures three billion NOK through fully underwritten rights issue

Press releases   •   Jan 29, 2019 07:03 UTC

Norwegian is strengthening its balance sheet through a fully underwritten rights issue of three billion NOK in order to increase its financial flexibility and create headroom to the covenants of its outstanding bonds. The company has during the past years made considerable investments in new aircraft and launched a wide range of new routes. The growth will now abate and the profitability increase.

Norwegian reports strong passenger growth in November

Norwegian reports strong passenger growth in November

Press releases   •   Dec 06, 2018 07:00 UTC

Norwegian reported strong passenger growth as it carried almost 2.9 million passengers in November, an increase of 14 percent compared to the same month previous year.

Norwegian reports a result of 1.6 bn NOK in the third quarter

Norwegian reports a result of 1.6 bn NOK in the third quarter

Press releases   •   Oct 25, 2018 07:00 UTC

Norwegian (NAS) today reported a result (EBT) of 1.6 billion NOK for the third quarter 2018. The company continued to reduce its unit costs despite a capacity growth of 33 per cent. Going forward, the growth will abate, consequently further reducing unit cost.