Norwegian reports record Q3 profit, boosts Boeing fleet and dividend

Norwegian Group announced record third-quarter 2025 results with a profit before tax (EBT) of NOK 2,891 million and an operating profit (EBIT) of NOK 3,071 million, representing an operating margin of 25.1 percent. This strong performance enabled the company to pay its first-ever dividend of NOK 0.90 per share to approximately 75,000 shareholders in August. The liquidity position at quarter-end was NOK 10.5 billion.

The quarter saw 8.41 million passengers across the group, with Norwegian carrying 7.28 million and Widerøe 1.12 million. Norwegian’s load factor was 88.3 percent, up 0.3 percentage points year-on-year, while Widerøe's load factor was 77.5 percent. Capacity increased by 2 percent for Norwegian and 3 percent for Widerøe. Punctuality and regularity remained high.

Strategic moves included exercising an option to acquire 30 additional Boeing 737 MAX 8 aircraft, increasing the total firm order to 80, aligning with fleet renewal and sustainability goals. October also marked significant developments in Denmark, with 10 new international routes from Billund, Norwegian being named “Best European Airline,” and winning a government tender to use sustainable aviation fuel on the Aalborg-Copenhagen route. For the upcoming winter, Norwegian has proactively reduced monthly capacity by 25-40 percent to optimize low-season performance.