Norwegian Air Shuttle ASA (NWARF) Q1 2026 Earnings Call Transcript
Norwegian Air Shuttle reported a Q1 2026 EBIT loss of NOK 220 million, marking a significant year-on-year improvement driven by cost-saving initiatives and strong traffic growth. The airline achieved a record first-quarter load factor of 87.6% and highlighted progress from its Program X efficiency measures, which contributed NOK 196 million. Fuel hedging at 45% helped mitigate volatile fuel prices, while favorable FX movements supported results. Management expressed optimism about the upcoming summer season due to robust demand.
- ▪Norwegian Air Shuttle reported a Q1 2026 EBIT loss of NOK 220 million, an improvement from the same period last year.
- ▪Program X delivered NOK 196 million in benefits during the quarter.
- ▪The airline achieved a record Q1 load factor of 87.6%.
- ▪Norwegian is 45% hedged against fuel price volatility.
- ▪Management cited strong summer demand and favorable FX impacts as positive outlook drivers.
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