Norse Atlantic As (NRSAF) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.297 My name is Eivind Ruval and I'm the new CEO of North Atlantic 00:00:05.297 -- 00:00:07.859 Airways from December 00:00:07.859 -- 00:00:13.105 last year. I'm here to present the Q4 results together 00:00:13.105 -- 00:00:15.427 with our CFO, 00:00:15.427 -- 00:00:20.593 Alex Joumos. Before I start, I will give a quick introduction 00:00:20.593 -- 00:00:22.495 to my background 00:00:22.495 -- 00:00:27.520 and I'll also share some reflections on why I took the position as 00:00:27.520 -- 00:00:33.364 the new CEO. I have more than 30 years of experience from various 00:00:33.364 -- 00:00:36.608 executive positions in Scandinavian companies. 00:00:36.608 -- 00:00:40.893 I've been leading the turnaround in Hewlett Packard as managing director for many, many 00:00:40.893 -- 00:00:46.579 years. I was the executive vice president and chief commercial officer in Scandinavian 00:00:46.579 -- 00:00:51.605 Airlines for many years. And I've also been leading European software 00:00:51.605 -- 00:00:56.562 companies and worked for several PE companies as well. 00:00:56.562 -- 00:00:58.725 When I accepted 00:00:58.725 -- 00:01:04.151 the position for this job, I was discussing 00:01:04.151 -- 00:01:09.778 and looking into North, and I see that this company 00:01:09.778 -- 00:01:15.184 has a very good foundation for actually becoming a very profitable 00:01:15.184 -- 00:01:20.291 company in the future. First of all, they have a very attractive leases agreement 00:01:20.291 -- 00:01:25.617 that goes for many years from now. You have a very competitive product that reached 00:01:25.617 -- 00:01:30.934 the market, and we see that with all the high load factor we have 00:01:30.934 -- 00:01:36.125 during all the quarters as well. The balanced model with 0...