Norwegian Airlines profit

Another airline seemingly out of the mire is Norwegian after going through a very sticky patch.

Previously best known in the UK for its long-haul operations out of Gatwick it retreated with the outbreak of the pandemic in 2020, experiencing an 80% share drop, cancelling the vast majority of routes and laying of 7,300 staff.

With government aid the airline struggled on dropping all its Boeing 787s and concentrating on a limited Norway-based operation.

Norwegian has now reported its results for Q2 and first half of 2022, characterised by increasing demand for air travel, higher fuel prices and a major aircraft order. Profit before tax in the Q2 NOK1.248m (£12m approx).

For the current year, Norwegian is increasing its fleet to 70 aircraft. For the summer of 2023, 15 additional aircraft will be added, bringing the total fleet to 85 aircraft. Fifty Boeing 737 MAX 8 aircraft are due to be delivered between 2025 and 2028.

The airline currently offers seven destinations out of Gatwick – Bergen, Copenhagen, Helsinki, Oslo, Stavanger, Stockholm and Trondheim

www.norwegian.com

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