AviTrader sponsorship ad

Passenger growth and fleet expansion drive Norwegian’s Q1 results

Norwegian Group carried 5.1 million passengers in Q1, 4.2 million flew with Norwegian and 0.9 million with Widerøe
Norwegian Group carried 5.1 million passengers in Q1, 4.2 million flew with Norwegian and 0.9 million with Widerøe © Norwegian

The first quarter of 2025 saw continued robust passenger growth across both Norwegian and Widerøe, with the Group reporting operational improvements driven by cost-efficiency measures and strategic fleet investments.

Norwegian recorded an operating loss (EBIT) of NOK 611 million for the first quarter, a year-on-year improvement of NOK 152 million. The financial result was also positively influenced by a stronger Norwegian krone (NOK) against the US dollar (USD) during the period. Notably, the quarter’s performance benefited from the purchase of ten Boeing 737-800 aircraft that had previously been under lease. This acquisition not only contributed to short-term gains but is also expected to deliver ongoing savings and enhanced operational flexibility.

At the end of the quarter, Norwegian’s liquidity stood at NOK 10.5 billion, following the aircraft acquisition which was financed through the Group’s existing cash reserves. The Norwegian Group fleet, including Widerøe, totalled 140 aircraft, with 89 operated by Norwegian and 51 by Widerøe.

Geir Karlsen, CEO of Norwegian, commented, “We continue on a positive trajectory in the year’s first quarter, and it is encouraging to see that our initiatives are yielding results on the cost side. The acquisition of ten previously leased aircraft impacts our results this quarter positively and provides recurring savings and more flexibility going forward. Widerøe is on a positive heading and delivered daily passenger records twice in April.”

During the quarter, the Norwegian Group carried 5.1 million passengers — 4.2 million flew with Norwegian and 0.9 million with Widerøe. Capacity for Norwegian, measured in available seat kilometres (ASK), increased by 16%, while Widerøe’s capacity rose by 4%. Norwegian reported a load factor of 82.5%, a 2.3 percentage point decline from the same quarter last year, largely due to the early Easter holiday and significant capacity growth. Punctuality remained solid, with 81.9% of Norwegian flights and 79.3% of Widerøe flights departing within 15 minutes of schedule. (US$1.00 = NOK 10.36 at time of publication).

Share this Article
Friday October 3, 2025
© Shutterstock
Willis Lease Finance Corporation has confirmed that its subsidiary, Willis Sustainable Fuels (UK), will build a new SAF plant at Wilton International in Teesside. The facility will be located within the Wilton International industrial site, which is owned and ... Read More »
Friday October 3, 2025
Ribbon-cutting ceremony at the official inauguration of the new building
Liebherr-Aerospace Saline, Inc. has completed its fifth major expansion since 1993, further enhancing its aftermarket service capacities. The new facility spans 33,000 ft², or 3,065 m² and adjoins the existing complex; the most recent addition before this wa... Read More »
Friday October 3, 2025
Marc Cho, Co-Head and Managing Director of HALO,
HALO AirFinance (HALO), a joint venture between GA Telesis and Tokyo Century Corporation, has closed its eighth and final senior loan. The financing involved Crestone Air Partners (Crestone) and Blue Owl Capital investment vehicles. It supported the acquisitio... Read More »
Friday October 3, 2025
Embraer
Embraer has confirmed the delivery of 62 aircraft in the third quarter of 2025. This marks a modest increase compared with the 61 jets delivered in the second quarter and 59 in the same period of 2024. The company’s Commercial Aviation unit delivered 20 new ... Read More »
Friday October 3, 2025
Lyon Airport
VINCI Airports has announced that Lyon Airport has reached net zero emissions as of May 2025. It is the first airport in France with more than ten million passengers to achieve this milestone. Toulon Airport reached the target in 2023. Lyon Airport’s environ... Read More »
Friday October 3, 2025
AAR CORP. subsidiary Airinmar has secured a new multi-year support services agreement with Malaysia Airlines. The deal will provide the carrier with specialist aircraft warranty management and value engineering services. Airinmar is an independent provider of ... Read More »
Thursday October 2, 2025
Joby aircraft in ANA livery flying at EXPO 2025 Osaka, Kansai, Japan © Joby Aviation
ANA Holdings (ANA HD) and Joby Aviation have successfully demonstrated Joby’s electric air taxi at Expo 2025 Osaka, Kansai, Japan. The public flight, the first ever at a world expo, featured vertical take-off, wing borne transition, and smooth vertical landi... Read More »
Thursday October 2, 2025
IAG made a strategic investment in sustainable aviation fuel start-up OXCCU
International Airlines Group (IAG) has joined the £20.75 million (US$28 million) Series B funding round for OXCCU, a UK SAF innovator. The round attracted new and existing investors, including Safran Corporate Ventures, Orlen and Aramco Ventures, among other ... Read More »
Thursday October 2, 2025
Nav-Aids supply Black Hawk ground support testing equipment to U.S. Army
CCC has announced a contract award from the United States Department of Defense (U.S. DoD) for pressure test adapters. The adapters, manufactured by Nav-Aids, will support U.S. Army maintenance crews working on Black Hawk helicopters. These adapters will allow... Read More »
Thursday October 2, 2025
Jimmy Hill
Aviation Technical Services (ATS) has announced a major leadership transition with the appointment of Jimmy Hill as Senior Vice President of Ranger Air Aviation (Ranger Air). He succeeds Rob Hill, who is retiring after more than two decades at the helm, having... Read More »
Thursday October 2, 2025
Nico Neumann, CEO of Deutsche Aircraft and Graham Younger, VP Global Aerospace at Expleo
Expleo, a global provider of engineering, technology and consulting services, has signed a cooperation agreement with Deutsche Aircraft. The partnership will deliver engineering services for the aircraft programme and strengthen Deutsche Aircraft’s supply ch... Read More »
Thursday October 2, 2025
Engine in hangar for maintenance © Shutterstock
AFG Aviation Ireland (AFG), a wholly owned subsidiary of Aircraft Finance Germany, has successfully finalised the purchase of two General Electric engines from GE Aviation Materials (GEAM), part of GE Aerospace. The deal, concluded on September 24, 2025, refle... Read More »
Wednesday October 1, 2025
Braathens International Airways AB (Braathens) has been forced to file for bankruptcy in relation to its Airbus operations after efforts to secure fresh financing failed. The decision, taken by the company’s Board of Directors, was filed at the Stockholm Dis... Read More »
Wednesday October 1, 2025
WLFC
Willis Lease Finance Corporation (WLFC) has appointed Pascal Picano as Senior Vice President, Aircraft Leasing & Trading. Effective immediately, Picano will report directly to Chief Executive Officer Austin C. Willis and collaborate closely with Marc Pierp... Read More »
Wednesday October 1, 2025
Beyond Aero
Beyond Aero, a pioneer in hydrogen-electric propulsion for business aviation, has achieved Technology Readiness Level 6 (TRL6) for its hydrogen-electric powered aircraft. The milestone has been validated through a full-scale propulsion system test campaign in ... Read More »
Wednesday October 1, 2025
The new venture BRAVODELTA will specialise in providing strategic transactional support for complex aircraft trades
Aviation experts Bryson Monteleone, founder of BPMaero LLC and formerly with PwC Ireland, and Philip Carey, founder of Engage Aviation, have partnered to launch BRAVODELTA Aero-Ops (BRAVODELTA). The new venture will specialise in providing strategic transactio... Read More »
Wednesday October 1, 2025
Conflux is developing an advanced heat exchanger, using additive manufacturing, for Airbus’ ZEROe project
Conflux Technology (Conflux) has joined Airbus’ ZEROe project with the development of a new heat exchanger for hydrogen-electric propulsion. The component has been created using additive manufacturing and is currently undergoing a readiness assessment. It pl... Read More »
Wednesday October 1, 2025
Spirit Airlines AirTeamImages
Spirit Aviation Holdings, Inc., the parent of Spirit Airlines, is pressing forward with its Chapter 11 restructuring efforts, setting out a series of measures designed to stabilise operations and reshape the airline for the years ahead. Speaking before the U.S... Read More »
Tuesday September 30, 2025
Flexjet has ordered 300 Phantom 3500 jets © Otto Aviation
Otto Aerospace has confirmed its first fleet customer. Flexjet will serve as launch partner for the new Phantom 3500, an advanced business jet designed from the ground up for efficiency and sustainability. The Phantom 3500 is a clean-sheet creation. It applies... Read More »
Tuesday September 30, 2025
Honeywell and ITP Aero have inaugurated Europe’s first F124 engine service centre in Madrid
Honeywell and ITP Aero have officially opened Europe’s first maintenance, repair, and overhaul service centre for the Honeywell F124-GA-200 engine. The landmark facility is located at ITP Aero’s site in Ajalvir, Madrid. The launch was marked with a ribbon-... Read More »
ajw avitrader

2026 MEDIA KIT

VP Sales & Business Development Americas
Tamar Jorssen
tamar.jorssen@avitrader.com
Phone: +1 (778) 213 8543
VP International Sales & Marketing
Malte Tamm
malte.tamm@avitrader.com
Phone: +49 (0)162 8263049

Subscribe to the most widely accepted news source in the aviation industry!


Free Daily, Weekly and MRO Publications delivered to your Inbox!
News Alerts, Editorials, Marketplace, Executive Interviews +more

Select publications:

*we respect your privacy and AviTrader will not share your email address to any 3rd Parties.