Norwegian has reported its results for the second quarter and first half of 2022, characterised by increasing demand for air travel, higher fuel prices and gain from aircraft orders. The figures demonstrate Norwegian’s ability to increase capacity for the busy summer travel season and deliver robust operational performance.
Amidst capacity constraints at European airports and an aircraft technician strike, close to all scheduled flights were operated. Profit before tax (EBT) in the second quarter amounted to NOK 1,248 million, impacted both by the reinstatement of aircraft order prepayments and the high fuel price this quarter. Cash and cash equivalents were unchanged from the previous quarter at NOK 7.5 billion.
At quarter-end, Norwegian’s total operational fleet comprised 65 aircraft. (£1.00 = NOK11.43 at time of publication).
