- Norwegian Air reported operating profit of 2.7bn crowns (€232m).
- The result beat analyst expectations of 2.3bn crowns.
- Monthly capacity was reduced by 25pc to 40pc compared with October.
- Unit costs rose 8pc to 0.69 crowns.
- The fleet is forecast to grow to about 100 aircraft in 2027.
Norwegian Air Shuttle has reported quarterly operating profit above market expectations helped by high demand despite elevated aviation fuel costs. Operating profit was 2.7bn Norwegian crowns (€232m) in the third quarter, above the 2.3bn crowns expected by analysts. Passenger demand grew across markets into the peak summer travel season.
The airline reduced monthly capacity by between 25pc and 40pc compared with October and forecast full-year capacity growth of 2pc, rising to around 5pc in 2027 as its fleet grows to about 100 aircraft. Higher fuel prices and Middle East-related uncertainty led the airline to cut planned first-quarter 2027 capacity by more than 5pc. Booking trends remained encouraging with ticket sales and load factors ahead of last year.
Unit costs, the average cost of flying an aircraft seat, rose 8pc from a year ago to 0.69 crowns in the quarter. The carrier continues to manage fuel exposure while expanding its fleet. The results reflect demand resilience in the Nordic market.
