The Norwegian Group, which includes the low-fare carrier Norwegian and regional airline Widerøe, has reported an operating profit of NOK 593 million for Q2 2024, with strong capacity and passenger growth.
At quarter end, Norwegian’s fleet comprised 86 aircraft, 22 of which were 737 MAX 8 aircraft. Widerøe’s fleet consisted of 49 aircraft, a mix of Dash 8-Q400s and -300s and Embraer E190-E2s.
“Both Norwegian and Widerøe are delivering strong passenger growth. With an increasing number of routes, frequencies and destinations, we look forward to welcoming passengers on board,” said Geir Karlsen, CEO of Norwegian.
Passenger capacity-wise, Norwegian had 7.3 million passengers, whilst Widerøe had 1 million – an increase of 680,000 and 122,000, respectively, compared to 2023. The second quarter of 2024 also marked the first quarter in which Widerøe is operating under the new public service obligation (PSO) tender contracts that came into effect on 1 April.
Norwegian has also launched 27 new routes for its winter schedule, which include Dubai, Agadir and Hurghada.
Overall, Norwegian is still anticipating a slowdown in growth due to delayed Boeing deliveries, as it recently cut its 2024 profit outlook. Production for Norwegian is forecasted to grow 12% compared to 2023, and in summer 2025, Norwegian expects its fleet to increase above 90 aircraft.
Photo: Norwegian
