Norwegian Air Shuttle New (NWARF) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.955 Good morning and welcome to the second quarter presentation for the Norwegian Group. 00:00:04.955 -- 00:00:09.779 My name is Jesper Hatletveit and I am the VP of Investor Relations here at Norwegian. 00:00:09.779 -- 00:00:14.963 Today's presentation will be held by our CEO, Geir Karlsen, and our CFO, 00:00:14.963 -- 00:00:20.027 Hans-Joergen Wibstad. The presentation will be followed by a Q&A from the audience and 00:00:20.027 -- 00:00:21.008 the web. 00:00:21.008 -- 00:00:23.429 Please go ahead, Geir. 00:00:24.251 -- 00:00:27.116 Thank you very much, Jesper. Good morning to everyone. 00:00:27.116 -- 00:00:31.677 Also good morning to the ones listening in from 00:00:31.677 -- 00:00:34.098 the web and online. 00:00:34.559 -- 00:00:39.761 I'd like to start with saying that this quarter was coming out a little bit weaker 00:00:39.761 -- 00:00:42.062 than what we expected. 00:00:42.062 -- 00:00:46.383 And I will come back to the details on it. 00:00:46.383 -- 00:00:48.905 But excluding other losses, 00:00:48.905 -- 00:00:51.885 we delivered 213 million in EBITs. 00:00:53.453 -- 00:00:58.657 The traffic numbers, the number of passengers is growing, 00:00:58.657 -- 00:01:04.261 especially with Vidre, where Vidre had a record month historically, 00:01:04.261 -- 00:01:07.543 with more than 400,000 passengers in a month. 00:01:07.543 -- 00:01:13.107 We had the ether effect, as we all know. We also had the Iran situation, 00:01:13.107 -- 00:01:18.209 where we saw a peak in the oil prices, 00:01:19.051 -- 00:01:22.332 and the oil prices are up 33% year on year. 00:01:22.576 -- 00:01:29.039 And we also lost a so-called EU ETS case, and we are booking 00:01:29.039 -- 00:01:32.300 a loss of 733 million 00:01:32.300 -- 00:01:38.042 in the quarter...