Norwegian Air narrows Q1 loss, beats estimates
Norwegian Air reported a narrower Q1 operating loss of NOK 220 million, beating estimates, as lower fuel and non-fuel costs boosted performance despite market uncertainties. Revenue exceeded expectations, driven by higher passenger and ancillary yields, while the airline maintained its 2026 guidance. Passenger numbers reached 4.2 million with a record load factor of 87.6%, and shares rose 5.5% following the results. CEO Geir Karlsen highlighted strong cost control and stable operations amid ongoing economic and political challenges.
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Investing.com -- Norwegian Air Shuttle ASA (OSE:NAS) reported a first quarter operating loss of NOK 220 million on Tuesday, significantly better than analyst consensus of NOK 954 million, as the carrier benefited from lower fuel and non-fuel unit costs. The airline posted revenue that beat expectations, driven by a 13% increase in passenger revenue per available seat kilometer and an 11% rise in ancillary revenue per available seat kilometer. The operating result improved substantially from a loss of NOK 611 million in the same quarter last year, aided by a stronger Norwegian krone, jet fuel hedging gains, and reduced EU emissions allowance costs. The company’s fuel bill declined NOK 408 million, with unit fuel costs down 19%. Shares rose 5.5% following the results.
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