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

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

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

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 announces new two routes from Reykjavik to the Canary Islands

Norwegian announces new two routes from Reykjavik to the Canary Islands

Press releases   •   Jun 13, 2019 07:30 UTC

Norwegian is delighted to offer Icelanders two new route announcements from Reykjavik to Las Palmas and Tenerife.

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

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

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

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.

"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 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 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 presents 2018 full year results and the strategy for returning to profitability

Norwegian presents 2018 full year results and the strategy for returning to profitability

Press releases   •   Feb 07, 2019 06:00 UTC

Norwegian today reported its full year and fourth quarter 2018 results, figures strongly affected by engine issues, fuel hedge losses and tough competition in a period of strong growth. The net loss was NOK 1,454 million in 2018, while the company’s unit costs, excluding fuel, have decreased by 12 percent during the same period.

Norwegian reports 13 percent passenger growth in January

Norwegian reports 13 percent passenger growth in January

Press releases   •   Feb 06, 2019 07:00 UTC

Norwegian carried more than 2.6 million passengers in January, an increase of 13 percent compared to the same month previous year.

Norwegian launches new Premium Wi-Fi on European flights

Norwegian launches new Premium Wi-Fi on European flights

Press releases   •   Feb 03, 2019 07:00 UTC

Norwegian is today continuing to enhance the passenger experience by commencing the rollout of new and improved inflight Wi-Fi connectivity onboard the airline’s Boeing 737-800 fleet. Short-haul passengers will receive high-speed Wi-Fi fast enough to stream video content and the rollout will be completed on 113 Boeing 737-800 aircraft by mid-February 2019.

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.

New technology reduces Norwegian’s CO2 emissions by 16,000 tons per year

New technology reduces Norwegian’s CO2 emissions by 16,000 tons per year

Press releases   •   Dec 12, 2018 12:32 UTC

Norwegian continues its work for a more sustainable aviation industry by signing a three-year contract with AVTECH Sweden AB. The agreement is based on a successful test project, which resulted in a reduced fuel consumption of 22 kilos per flight. This equals an annual CO2 reduction of 16,000 tons - or a reduction of 5,000 tons of fuel per year, which in turn leads to reduced costs for Norwegian.

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 launches new flights between London and Rio de Janeiro

Norwegian launches new flights between London and Rio de Janeiro

Press releases   •   Nov 27, 2018 10:50 UTC

Norwegian launches its first flights to Brazil with a brand-new direct route from London to Rio de Janeiro. The new route to Rio de Janeiro follows Norwegian’s existing service to South America with direct flights from London to the Argentinian capital, Buenos Aires.

Norwegian reports continued passenger growth in October

Norwegian reports continued passenger growth in October

Press releases   •   Nov 06, 2018 07:00 UTC

An increasing number of passengers choose to fly with Norwegian. The company carried a total of almost 3.4 million passengers in October, an increase of 8 percent compared to the same month the previous year.