- Norwegian Air Shuttle ASA (NWARF, Financial) sees a notable revenue increase of 7.2% year-over-year in Q1 2025.
- Net financial items show a slight improvement, reducing the deficit to NOK 139 million.
- Quarterly EBT shows significant progress, improving by NOK 147 million.
Strong Revenue Growth for Norwegian Air Shuttle ASA
Norwegian Air Shuttle ASA (NWARF) has reported impressive financial results for the first quarter of 2025, reflecting a robust 7.2% increase in revenue compared to the same quarter last year. The airline's revenue rose to NOK 6.58 billion, underscoring a positive trend in its financial performance.
Net Financial Items Show Improvement
The net financial items for this quarter stood at a deficit of NOK 139 million, marking a slight yet encouraging enhancement from the previous year's NOK 141 million shortfall. This improvement indicates Norwegian Air Shuttle ASA's ongoing efforts to stabilize its financial footing.
Quarterly EBT Reflects Substantial Advancement
In a testament to the company’s strategic initiatives, the earnings before taxes (EBT) improved significantly to a negative NOK 756 million. This represents a NOK 147 million enhancement compared to the corresponding quarter of the previous year, highlighting the airline's steady progress in reducing operational losses.
