Norwegian Air Shuttle New (NWARF) Q1 2026 Earnings Call

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WEBVTT 00:00:01.027 -- 00:00:05.213 Good morning and welcome to the first course of 2026 presentation 00:00:05.213 -- 00:00:10.280 for the Norwegian group. My name is Jesper Hotteveit and I'm the VP of Investor 00:00:10.280 -- 00:00:12.884 Relations here at Norwegian. 00:00:12.884 -- 00:00:18.031 Today's presentation will be held by our CEO, Gerrit Karlsson, and our CFO, 00:00:18.031 -- 00:00:22.577 Arne Jørgensen. The presentation will be followed by a Q&A from the audience and the 00:00:22.577 -- 00:00:25.859 web. Please go ahead, 00:00:26.362 -- 00:00:28.405 Gerrit. Thank you, Jesper. 00:00:28.405 -- 00:00:35.061 Good morning to everyone. Also good morning to the ones listening in online. 00:00:36.525 -- 00:00:40.288 It's a beautiful morning in Oslo. The sun is shining. 00:00:40.288 -- 00:00:45.334 The low season is behind us and we are looking forward to a summer season that is 00:00:45.334 -- 00:00:47.776 going to be hectic 00:00:47.776 -- 00:00:52.841 and we are going to fly a lot and the demand is looking very 00:00:52.841 -- 00:00:54.841 promising. 00:00:55.284 -- 00:00:59.684 But let's start by having a look at the first quarter of this year. 00:00:59.684 -- 00:01:02.829 EBITS negative of 220 00:01:02.829 -- 00:01:06.594 million. This is a significant improvement 00:01:06.594 -- 00:01:11.922 from the same quarter last year. Very happy to see that Program X 00:01:11.922 -- 00:01:15.524 is really starting to deliver. 196 00:01:15.607 -- 00:01:19.290 million in this quarter. And 00:01:19.373 -- 00:01:23.820 I will come back to a little bit more details on Program X a little bit later. 00:01:23.820 -- 00:01:26.443 Very strong traffic growth in the quarter. 00:01:26.443 -- 00:01:30.991 It's a record first quarter load factor. in Norwegian 00:01:30.991 -- 00:01:33...