Norse Atlantic As (NRSAF) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.157 Welcome to Norse Atlantic Q2 presentation 2025. 00:00:05.157 -- 00:00:10.204 My name is Bjorn Larsson. I'm the CEO and founder of Norse, and I'm also joined with 00:00:10.204 -- 00:00:15.871 our CFO, Anders Hjulmarsson. Following the presentation, we will 00:00:15.871 -- 00:00:19.855 have a Q&A session, and you can 00:00:19.855 -- 00:00:24.481 put your questions into the chat at this point, or whenever you want, and then we're 00:00:24.481 -- 00:00:29.004 going to take them up as we get to the end of the presentation. 00:00:35.890 -- 00:00:41.297 There we go. So starting with a few headlines, we have been through a 00:00:41.297 -- 00:00:45.502 massive transformation the last six months. 00:00:45.502 -- 00:00:50.348 Those of you who have followed us know that we in November announced that we are going 00:00:50.348 -- 00:00:52.391 to transform 00:00:52.391 -- 00:00:55.955 the business model. We're going to be a more optimistic 00:00:55.955 -- 00:01:01.101 carrier that will fly our own network as well as more charter whenever 00:01:01.101 -- 00:01:06.307 the time is right for that. And we're going to redo our cost space by 00:01:06.307 -- 00:01:11.473 having people, our crew, great crew flying to and from or based at 00:01:11.473 -- 00:01:14.277 the locations where they are flying to and from. 00:01:14.277 -- 00:01:19.723 And on top of that, we have introduced state of the art in-house developed technology 00:01:19.723 -- 00:01:24.829 that helps us improve revenues and manage our flights in a very, very different way 00:01:24.829 -- 00:01:29.618 than we did in the past. So we are now halfway through the the transformation and you 00:01:29.618 -- 00:01:35.459 will see that we already see massive results of the efforts that we have done...