Norwegian Group Reports Record Q3 Profit, Adds 30 Boeing 737 MAX 8s, Plans Winter Capacity Cuts

Overview

• Profit before tax reached NOK 2,891 million with operating profit at NOK 3,071 million, net profit at NOK 2.5 billion and an operating margin of 25.1%.
• Quarter-end liquidity stood at NOK 10.5 billion, and the company paid its first-ever dividend in August at NOK 0.90 per share.
• The Group carried 8.41 million passengers in Q3 with Norwegian’s load factor at 88.3% and Widerøe’s at 77.5%, while completion and punctuality improved across both airlines.
• Norwegian exercised options for 30 additional 737 MAX 8s, taking the firm orderbook to 80 aircraft, with deliveries adjusted so the final jet now arrives in 2031.
• Network growth includes 10 new international routes from Billund and a Danish tender that will require at least 40% SAF on 93% of Aalborg–Copenhagen flights from March 2026, as winter plans trim monthly capacity by 25–40% versus October levels.