Norwegian Air Shuttle New (NWARF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the third quarter presentation for the Norwegian Group. My name is Jesper Hattleteit 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. The presentation will be followed by a Q&A from the audience and the web. Please go ahead, Geir. Thank you very much, Jesper. Good morning to all of you. Good to see you. Also good morning to you listening in. on line. Let's start with some highlights for the quarter. The third quarter ended as a good quarter for the group, both for Norwegian and for Vidarø. We ended the quarter with an EBT of 2.891 billion, the EBIT of 3.071 billion for the group divided on Norwegian. with an EBIT of 2.797 billion, and Videre also contributing very well during the quarter with an EBIT of 274 million. This is a significant improvement compared to the same quarter last year, where we this year ended with a margin of 25.1% versus 18.4% last year. It's an historic high quarterly EBT and EBIT for the group. Also, unit cost excluding fuel, down 6% year on year. And Program X is really starting to deliver. We have done quite a few things on the fleet side, as you know. I'll come back to more details on Program X later in the presentation. We have had some tailwind on macros, not at least on the US dollar compared to the Norwegian krona. As mentioned, Viderø really delivering this quarter. passenger records in the third quarter with a 9% passenger growth compared to the same period last year. Vidra has also been having a solid operation during the quarter with a high on-time performance as well as a high regularity. EBIT up 82 million year-on-year and as such a really good quarter as well. Especially very nice to see that the comm...