Norwegian keeps a close eye on costs going into the winter

Coming out of the 2023 summer period with very positive results doesn’t mean that Norwegian Air is going into the winter and next year with a feeling of over-confidence and jubilance. On the contrary, the carrier is taking a careful approach to capacity and costs to make sure it can eke out any benefits it can find. That includes looking at cost savings on its future Boeing MAX 8 aircraft.

Norwegian reported a net profit for Q3 of NOK 2.039 billion, up from NOK 909.7 million last year. Operating revenues grew by 23 percent to NOK 8.776 billion from NOK 7.116 billion as it carried 4.5 million passengers. The operating profit or EBIT was NOK 2.170 billion, up from NOK 1.032 billion, resulting in an operating margin of 24.7 percent. This makes Q3 Norwegian’s second-best third quarter ever.