Norwegian Air Shuttle ASA (Oslo: NAS) delivered a stellar Q2 2025, marking a clear turnaround:
* **Operating profit (EBIT):** NOK 1.25 billion — second‑highest Q2 ever, with margin at **12.2%** ([Norwegian][1], [Investing.com][2])
* **Profit before tax (EBT):** NOK 1.055 billion vs NOK 477 million last year ([Norwegian][1])
* **Net profit:** NOK 932 million, nearly doubling YoY ([Norwegian][1])
* **Revenue:** NOK 10.29 billion, a 10% YoY increase ([MarketScreener][3])
* **Passenger traffic:** 7.6 million passengers (6.5m Norwegian, 1.1m Widerøe), up ~4% ([Norwegian][1])
* **Load factor:** 85.2% (+3 ppts for Norwegian); Widerøe at 73.9% (+3.7 ppts) ([Investing.com][2])
* **Operating cash flow:** NOK 3.18 billion; liquidity at NOK 13.8 billion ([Norwegian][4])
* **Dividend:** NOK 0.90/share — first-ever payout in company history ([Investing.com][2])
**Conference Call Highlights:**
* Strong Q2 performance driven by **yield growth (+7%)**, improved load factors, repayment of corporate bond enabling dividend ([Investing.com][5])
* Integration of **Widerøe**, doubling passenger volumes in regional markets
* **Program X** cost optimization underway, targeting NOK 1 billion in recurring profit improvements by end‑2026 ([Norwegian][4])
* **Fleet update:** acquired 10 leased Boeing 737‑800s, now operating 90 aircraft (28 Boeing 737 MAX 8s) ([Norwegian][1])
* **Summer bookings**: Q3–Q4 ticket sales ~10% ahead of last year ([Investing.com][5])
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📢 **Disclaimer:**
This video includes segments from Norwegian Air Shuttle ASA’s Q2 2025 earnings call, used for educational purposes under fair use (Section 107, US Copyright Act). No affiliation or endorsement by Norwegian Air Shuttle is implied. All rights remain with Norwegian Air Shuttle ASA. For more information, visit [](). For inquiries, contact [FyfullStore@gmail.com](mailto:FyfullStore@gmail.com).
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