Norwegian Air Shuttle ASA (OSE: NAS) Q2 2025 Earnings | 07/11/2025

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Norwegian Air Shuttle ASA (OSE: NAS) reported its Q2 2025 results on July 11, 2025, delivering a standout quarter marked by record profitability and its first-ever dividend declaration. Total operating revenue rose to NOK 10,289 million, up 10% from NOK 9,347 million a year earlier. The group achieved an operating profit (EBIT) of NOK 1,250 million, more than doubling last year’s figure, with an operating margin of 12.2%. Net profit surged to NOK 932 million, compared to NOK 477 million in Q2 2024. Passenger revenue climbed to NOK 8,664 million, supported by a 7% yield increase and a 3 percentage point rise in load factor, reflecting robust demand and effective capacity management into the peak summer season. The company’s liquidity position strengthened significantly, reaching NOK 13.8 billion, up NOK 3.3 billion from the previous quarter, aided by the completed financing of 10 previously leased aircraft. Norwegian’s fleet stood at 90 aircraft, including 28 latest-generation 737 MAX 8s, with the Widerøe subsidiary operating 51 aircraft. The company also announced its inaugural dividend of NOK 0.90 per share, to be paid in August 2025, underscoring management’s confidence in ongoing cash generation and financial stability. Strong summer bookings, a 10% increase in ticket sales, and the acquisition of Vidre regional airline further bolstered Norwegian’s market position and outlook. CEO Geir Karlsen highlighted the airline’s operational excellence and strategic discipline, noting that the Q2 operating profit and margin were the second highest in the company’s history for this period. Norwegian maintained its capacity outlook of 37,500 million seat kilometres despite industry-wide aircraft delivery delays. The company is guiding for CASK ex-fuel to increase by a low to mid-single-digit percentage compared to 2024, with continued focus on cost optimization, premiumization, and network expansion. Outlook: Fiscal 2025 guidance: CASK ex-fuel to rise low to mid-single digits, capacity at 37,500 million seat kilometres Dividend: NOK 0.90 per share to be paid in August 2025 Focus on cost control, premium brand investment, and further fleet modernization Targeting NOK 1 billion profit improvement by 2026 and enhanced interlining capabilities About Inside Ticker: For more expert analysis and real-time updates on Norwegian Air Shuttle ASA (OSE: NAS) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #NorwegianAir #nas #q22025 #earnings #aviation #AirlineStocks #financialresults #dividend #profitability #LoadFactor #summertravel #737max #FleetExpansion #operationalexcellence #marketupdate #InvestorUpdate #insideticker #travelindustry #aviationnews #stockmarket #investing #YieldGrowth #cashflow #shareholderreturns #BusinessUpdate #Guidance #networkexpansion #Premiumization #CostControl #Widerøe #VidreAcquisition