Norwegian presents 2018 full year results and the strategy for returning to profitability
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 a result of 1.6 bn NOK in the third quarter
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.
Norwegian reports solid profit in Q2
Norwegian (NAS) today reported its second quarter earnings for 2018 with a net profit of NOK 300 million, despite the highest growth in the company’s history. Going forward, the growth will slow down and ramp-up costs will decrease, in line with Norwegian’s strategy.
Norwegian reports strong growth in a seasonally weak first quarter
Norwegian today reported its first quarter earnings for 2018 with a result of NOK -46.2 million. The quarter was characterized by international expansion, strong passenger growth and higher fuel cost. A successful private placement of shares was completed this quarter.
Norwegian reports 2017 full year results influenced by global expansion, fleet renewal and extraordinary costs
Norwegian today reported its full year and fourth quarter 2017 results. The net loss was -299 million NOK (-£27.4 million) in 2017, while the earnings before interest, taxes and depreciations (EBITDA) was 60 million NOK (£5.5 million). Significant costs related to increased fuel prices, wet lease and passenger care affect the results.
Norwegian reports a result of 1 billion NOK and passenger growth for the third quarter
Norwegian (NAS) today reported its third quarter results for 2017. The net result was 1 billion NOK, an improvement of 4 percent compared to the same quarter previous year. The load factor increased to 92 percent. The passenger development has been positive in all of Norwegian’s key markets, with a significant growth in the U.S. and Spain.
Norwegian reports a pre-tax result of 861 million NOK and a high load factor
Norwegian (NAS) today reported its second quarter results for 2017. The pre-tax result (EBT) was 861 million NOK. This is slightly down from last year’s result, mainly due to higher oil prices and the air passenger tax implemented by the government in Norway last year. The overall performance was positive in all of Norwegian’s main markets during the second quarter.
Norwegian reports passenger growth and a negative result in a seasonally weak first quarter
Norwegian today reported its first quarter results for 2017 with a result of -1.5 billion NOK. Despite strong passenger growth, higher fuel costs, tough competition and a stronger NOK (Norwegian crown) contributed to the negative result. This year’s Easter led to a shift of income over to April, as last year’s Easter was in March. The company launched 39 new routes this quarter.
Norwegian reports a net profit of more than 1.1 billion NOK in 2016
Global expansion driven by new routes, high load factors and continued fleet renewal, contributed to Norwegian’s best ever annual result, with a net profit of 1,135 million NOK. The load factor was 88 percent.
Norwegian reports record results for the third quarter
Norwegian (NAS) today reported its best quarterly results ever. The net profit was NOK 993 million (£99 million), an improvement of NOK 160 million compared to the same quarter the previous year. The load factor was 91 percent and the performance was positive in all markets, with Spain boasting the strongest passenger growth.
Norwegian reports underlying result improvement and high load factor in the first quarter
Norwegian today reported its first quarter results for 2016 with an underlying improvement of more than 400 MNOK (£34m), compared to the same quarter previous year. The company’s intercontinental and Nordic routes had a positive impact on the results. The load factor was record high at 85 per cent, in a quarter that is traditionally considered low season.
Norwegian paransi tulostaan vahvasti vuonna 2015
Korkea käyttöaste, kaluston uusiminen ja maltillinen kapasiteetin kasvu kuvaavat Norwegianin vuotta 2015. Norwegianin koko vuoden käyttöaste oli erittäin korkea, 86 prosenttia. Tulos ennen veroja parani 1,7 miljardilla Norjan kruunulla (176 miljoonaa euroa) viime vuoteen verrattuna.