Norwegian Group posted net profit of 922 million Swedish kronor (83 million euros) between January and September, which represents a drop of 66% compared with the profits of 2,724 million Swedish kronor (246 million euros) recorded in the same period of the previous year, a result mainly weighed down by the rising cost of fuel stemming from the conflict in the Middle East.
In terms of revenue, the airline reached 30,050 million Swedish kronor (2,717 million euros), an increase of 3%, while operating costs rose 9%, to 24,478 million Swedish kronor (2,213 million euros). Within this section, spending on kerosene amounted to 8,101 million Swedish kronor (732 million euros), which means a year-on-year increase of 8.5%.
During the summer months, between July and September, the group carried 8.75 million passengers, 4% more than a year earlier, keeping the occupancy factor practically stable, at 87.9%.
By geographic areas, Spain once again consolidated its position as the second market that contributes the most revenue to the company in the first nine months of the year, with 3,654 million Swedish kronor (330 million euros), which implies an increase of 1% compared with 2025.
Looking ahead to the next winter season, the group has decided to cut its monthly capacity by between 25% and 40% in relation to October 2026. Even so, production in this period is expected to rebound slightly compared with the same stretch of the previous year.
As a consequence of the recent rise in aviation fuel prices and the cancellation of winter flights to Dubai, Norwegian Group has lowered its offer for the first quarter of 2027 by more than 5% compared with the initially planned capacity.
At the close of the third quarter, the group's fleet stood at 148 aircraft, of which 98 were part of Norwegian's fleet, including 39 Boeing 737 Max 8 after the addition of three new aircraft during the period, and the remaining 50 corresponded to Wideroe's fleet.
Lastly, the regulatory process for the purchase of Nordic Leisure Travel Group (NLTG) continues to advance according to the planned schedule and, provided that the European Union grants antitrust approval, the forecast remains to complete the transaction before the end of the year.