Norwegian Group has posted its strongest financial performance in its history for the year 2025, recording a record operating profit (EBIT) of NOK 3.732 billion (approximately $355 million). This marks a significant improvement from the previous year, reflecting the company’s resilience and strategic focus on operational efficiency. The group, which includes both Norwegian Airlines and Widerøe, demonstrated impressive growth despite the broader challenges faced by the aviation industry.
As a result of its strong performance, the company’s Board has proposed a dividend of NOK 0.80 per share (about $0.08), which would total NOK 844 million (around $80 million), pending shareholder approval. This proposal signals the company’s confidence in its continued success and ability to generate strong financial returns.
Growth Across the Board: Norwegian and Widerøe Lead the Way
In the fourth quarter of 2025, Norwegian Group carried 6.2 million passengers, with 5.2 million flying with Norwegian and 1.0 million flying with Widerøe. Both airlines showed year-over-year growth in passenger numbers, reinforcing the Group’s position as a major player in the Nordic travel market.
To align with seasonal demand, Norwegian reduced its capacity by 3%, while Widerøe increased capacity by 2%. Despite these adjustments, Norwegian saw its load factor rise to 86.0%, up 1.8 points from 2024. Widerøe, primarily focused on regional flights, posted a load factor of 70.5%, reflecting the carrier’s important role in connecting smaller Norwegian communities with major urban centers.
Impressive Passenger Growth and Operational Efficiency
The full-year performance for 2025 was equally impressive, with the Group carrying 27.3 million passengers, a rise from 26.4 million in 2024. This increase in passengers was coupled with a record operating margin of 9.9%, highlighting the Group’s ability to grow while maintaining cost discipline.
CEO Geir Karlsen emphasised the importance of strong customer demand and improved operational performance, noting the Group’s ongoing efforts to boost punctuality and flight completion rates. Norwegian’s punctuality increased to 83.2%, up from 78.4% in 2024, while Widerøe reached 84.4%. Furthermore, completion rates were at an impressive 99.6% for Norwegian and 95.5% for Widerøe, underlining the reliability of the two carriers in meeting passenger expectations.
Strategic Milestones and Future Outlook
2025 also saw several strategic milestones for the Group, positioning it for continued success in the coming years. Norwegian took delivery of its first aircraft from an order of 80 Boeing 737 MAX 8s, enhancing its fleet with modern, fuel-efficient aircraft. The Group also launched 10 new routes from Billund, expanding its network to key European destinations.
In addition, Norwegian won Denmark’s first domestic route contract that requires 40% sustainable aviation fuel (SAF), a move that underscores the Group’s commitment to sustainability and reducing its environmental footprint. SAF is becoming an increasingly important factor in the aviation industry, and Norwegian’s ability to integrate it into its operations positions the airline as a leader in sustainable aviation.
Looking ahead to summer 2026, Norwegian expects a fleet of 95 aircraft, with approximately 3% growth in capacity, while Widerøe anticipates 4% growth. The Group’s cost-efficiency initiative, known as Program X, has helped mitigate industry-wide cost pressures in 2025 and is expected to continue delivering operational efficiencies in 2026.
Strong Position for Nordic Travel Growth
Norwegian Group is well-positioned to capitalize on the rising demand for Nordic travel, driven by both domestic and international passengers. The Group’s modern fleet, cost discipline, and deepened cooperation between Norwegian and Widerøe, including a joint loyalty program and an expanded network, are expected to help the Group continue growing its market share.
As travel demand in the Nordic region increases, Norwegian’s focus on expanding its network, improving its services, and offering competitive pricing will enable it to meet the evolving needs of leisure travelers. This growth, combined with the Group’s commitment to sustainable aviation and customer satisfaction, positions Norwegian and Widerøe as key players in the future of European air travel.
The Future of Travel in the Nordic Region
The Group’s strong performance in 2025 is a reflection of the rising demand for Nordic travel and the growing desire for affordable yet high-quality airline options. With the continued expansion of routes, enhanced operational efficiency, and increasing investments in sustainable aviation technology, Norwegian Group is well poised for future growth.
For travelers in the Nordic region, the Norwegian Group represents a reliable and innovative choice for flying across Europe and beyond. Whether it’s for business or leisure, the Group’s multi-destination offerings and growing fleet make it an appealing option for those looking to explore more destinations at competitive prices.
Looking Ahead: Continued Success and Strategic Growth
As Norwegian and Widerøe continue to build upon their success in 2025, their ability to meet the evolving demands of passengers and adapt to industry changes will be critical to sustaining long-term growth. From the introduction of new routes to the integration of sustainable aviation fuel and a focus on cost efficiency, the Norwegian Group is positioning itself as a leader in the Nordic travel market, with strong growth prospects heading into 2026 and beyond.
In Conclusion: A Bright Future for Norwegian and Widerøe
The impressive financial performance in 2025 underscores the resilience and strength of the Norwegian Group in a competitive and dynamic market. With increased passenger numbers, improved operational efficiency, and strategic investments in sustainability, Norwegian and Widerøe are set to continue their leadership in the Nordic travel market, offering travelers an affordable, sustainable, and customer-focused flying experience.
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