Norwegian Air Shuttle New (NWARF) Q4 2025 Earnings Call

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WEBVTT 00:00:01.364 -- 00:00:06.430 Good morning, and welcome to the fourth quarter 2025 presentation for the Norwegian Group. 00:00:06.430 -- 00:00:10.656 My name is Jesper Anderstedt, and I am the VP of Investor Relations here at Norwegian. 00:00:10.656 -- 00:00:15.882 Today's presentation will be held by our CEO, Geir Karlsson, and our CFO, Hans-Jürgen 00:00:15.882 -- 00:00:17.504 Wibstad. 00:00:17.504 -- 00:00:20.888 The presentation will be followed by a Q&A from the audience and the web. 00:00:20.888 -- 00:00:23.329 Please go ahead, Geir. 00:00:24.012 -- 00:00:30.338 Thank you, Jesper. Good morning. Good morning to all of you following this also online. 00:00:30.338 -- 00:00:34.443 It is a beautiful morning in Oslo. It's the winter holiday coming up. 00:00:34.443 -- 00:00:39.870 I heard on the news on the way in here that 80,000 people is leaving OSL today. 00:00:39.870 -- 00:00:45.758 And I know that quite a few of them are flying with Norwegians. 00:00:45.758 -- 00:00:48.662 It's a good day. 00:00:48.662 -- 00:00:53.768 Going to the highlights for the quarter and also a little bit on the full 00:00:53.768 -- 00:00:56.029 year of 2025. 00:00:56.596 -- 00:01:02.165 EBITDA of 21 million, that is an improvement from last year. 00:01:02.165 -- 00:01:07.975 We have seen passenger growth in both airlines in the quarter. 00:01:07.975 -- 00:01:12.823 And we are continuing to do well on what we call operational excellence. 00:01:12.823 -- 00:01:17.992 There we are seeing an improved regularity and punctuality for both airlines 00:01:17.992 -- 00:01:20.897 compared to the same quarter 00:01:20.897 -- 00:01:26.044 last year. On unit cost, as many of you know and remember, we have been 00:01:26.044 -- 00:01:31.270 guiding a flat cost for 2025 as a whole. And that's also w...