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Norwegian Group Narrows Q1 Loss on Record Load Factor

Economy & businessEconomy
Key Points
  • Q1 2026 pre-tax loss narrowed to 459 million NOK from 756 million NOK a year earlier.
  • Record load factor of 87.6% for Norwegian, driven by capacity reductions and stable traffic.
  • April 2026 punctuality hit 90.6%, the best since 2023, with 2.35 million passengers carried.

The result compares with a loss of 756 million kroner in the same period last year, according to multiple reports. Net loss also improved to 362 million kroner from 757 million kroner. The group attributed the improvement to a stronger Norwegian krone, gains from jet fuel hedging, and lower prices for EU emissions allowances.

9 million. 2 percent. Norwegian reduced capacity by 6 percent, measured in available seat kilometres, and Widerøe's capacity declined by 2 percent.

Passenger traffic remained stable year-on-year for Norwegian and decreased by 1 percent for Widerøe. 2 percent during the quarter. 6 percent for Widerøe.

At the end of the first quarter, the group's fleet totalled 145 aircraft, with Norwegian operating 95 and Widerøe 50. During the summer of 2025, Norwegian took delivery of six new Boeing 737 MAX 8 aircraft. In August 2025, Norwegian operated an average of 91 aircraft and its capacity was 3,979 million seat kilometres, up 2 percent from the previous year.

1 percentage points. 6 percent, the best single month since 2023. 3 million passengers chose to fly with the group in April.

The summer 2026 programme will be announced on 10 September 2025, featuring more than 300 routes to over 120 destinations in more than 35 countries. Widerøe's fleet in 2025 consisted of 51 aircraft, including 48 Bombardier Dash 8s and three Embraer E190-E2s, but the group reported 50 aircraft at the end of Q1 2026, suggesting a reduction of one aircraft. The reason for the reduction has not been confirmed.

1 million passengers. Widerøe Ground Handling provides services at 41 Norwegian airports. CEO Geir Karlsen stated the group has no plans to cancel flights due to current high fuel prices.

The group has committed to significantly reducing carbon emissions and is investing in fossil-free aviation fuel, though details of the investment have not been disclosed. 11 percent. The group's strategic response to high fuel prices includes a focus on cost efficiency and hedging, while its sustainability commitments involve investments in sustainable aviation fuel and fleet modernization to reduce emissions.

The improved financial performance reflects a combination of operational efficiency and favorable external factors, positioning the group for a stronger summer season.

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Corroborated
media.uk.norwegian.comNRK Nordlandwww.mynewsdesk.comquartr.comavitrader.com+1
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Norwegian Group Narrows Q1 Loss on Record Load Factor | Reed News