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Norwegian Group Reports Record Third Quarter Result

Norwegian Group has reported the best quarter in the company’s history with third quarter with earnings before tax (EBT) of NOK 2,891 million (US $288 million), and an operating profit EBIT of NOK 3,071 million (US $306 million).


Norwegian Boeing 737-8 MAX - Photo Credit: Dimos Bstakis/Norwegian
Norwegian Boeing 737-8 MAX - Photo Credit: Dimos Bstakis/Norwegian

On Wednesday (October 22, 2025), Norwegian Group reported their third quarter financial results for the period ending September 30, 2025.  The Group reported a record result with third quarter earnings before tax (EBT) of NOK 2,891 million (US $288 million), and an operating profit (EBIT) of NOK 3,071 million (US $306 million).  The company reached several important milestones in the quarter, including the first dividend payment and an order for an additional 30 new Boeing aircraft.


In Wednesday’s announcement, Norwegian’s CEO, Geir Karlsen, said,


“We are very pleased to report another record quarter. In August, we paid the company's first dividend, of 0.90 øre per share to approximately 75,000 shareholders. This has been a very good quarter, and I would like to extend a big thank you to all our colleagues in both Norwegian and Widerøe who have stuck with us through what is the busiest period of the year. Widerøe's repeated passenger records also deserve recognition, and in September the company had the highest passenger numbers in the company's more than 90-year history.”


During the third quarter, the Norwegian Group had 8.41 million passengers, of which 7.28 million were Norwegian passengers and 1.12 million traveled with Widerøe, with load factors of 88.3 percent for Norwegian, up 0.3 percentage points from last year, and 77.5, a decrease of 0.6 percentage points. Norwegian also expanded their existing Boeing orderbook by exercising an option to purchase an additional 30 Boeing 737-8 MAX aircraft. The carrier’s total orderbook now stands at 80 aircraft.


Norwegian is a leading Nordic aviation group headquartered in Fornebu in Bærum. The company has over 8,200 employees and owns Norwegian Air Shuttle and Widerøe Flyveselskap, which was acquired in 2024.  Norwegian Air Shuttle has around 4,700 team members and offers an extensive route network connecting the Nordic countries to popular destinations in Europe.  In 2024, Norwegian carried over 22.6 million passengers with a fleet of 86 Boeing 737-800 and 737-8 MAX aircraft.  Widerøe Flyveselskap is Norway’s oldest airline and has more than 3,500 employees.  During 2024, Widerøe carried 3.8 million passengers with a fleet of 49 aircraft, including 46 De Havilland Canada Dash-8s and three Embraer E190-E2s.  Additionally, Widerøe Ground Handling provides services at 41 airports in Norway.



Source: Norwegian Air Shuttle/Mynewsdesk

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