Norwegian Air Shuttle New (NWARF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the second quarter presentation for the Norwegian Group. My name is Jasper Hartlutveit and I am the VP of Investor Relations here at Norwegian. Today's presentation will be held by our CEO, Geir Karlsson, and our CFO, Hans-Jürgen Wibstad. As this is a very significant day for Norwegian, we will also hear some opening remarks from our Chair of the Board, Svein Harald Egal. The presentation will be followed by a Q&A from the audience and the web. Please go ahead, Svein Harald. thank you good morning as you said this is a quite a special day and therefore i decided to join and present two pages first and even take on my red tie on the warmest day in oslo this year why is it a special day well it's because it's the end of the first leg of the post restructuring journey of norwegian and the start of the second leg There's an important number to note, which is 5.8 billion Norwegian kroner. First, a bit shortly on where we are. We have laid the basis basically for a sustainable, profitable airline. We are best in all the four Nordic countries. among the leading airlines measured by value for money, basically providing value to our customer at a low cost, which of course is the core of the vision of Norwegian. We are leading in Europe on on-time performance with close to zero cancellations. We are high on customer satisfaction and brand recognition across all four large Nordic countries. We capture market shares for corporate travel, which of course is an important value driver for the airline. And we have expanded Norwegian Reward into a very attractive loyalty program with attractive benefits. We are centred on the root profitability. No big moves, but a step by step approach that basically builds profitability in a sustainable manner. We will f...