Norwegian Group reported a Q1 2025 operating loss of NOK 611 million (~EUR 53 million), an improvement of NOK 152 million (~EUR 13.2 million) compared to the same period last year.
The result benefited from cost-saving initiatives and the strategic purchase of ten previously leased Boeing 737-800s. Group liquidity stood at NOK 10.5 billion (~EUR 913 million) at quarter-end, following the aircraft acquisitions, which were funded through available cash. The group’s total fleet, including Widerøe, reached 140 aircraft (89 Norwegian, 51 Widerøe).
Passenger numbers rose to 5.1 million, including 4.2 million on Norwegian and 0.9 million on Widerøe. Norwegian’s capacity (ASK) increased by 16%, though the load factor declined to 82.5% (down 2.3 points) due to Easter timing and added capacity. Punctuality was 81.9% for Norwegian and 79.3% for Widerøe.
For summer 2025, Norwegian launched a program with 350 routes to 129 destinations, with strong forward bookings already observed, especially for June. The summer fleet will consist of 88 aircraft, and total group production is expected to grow by ~3% year-over-year.