Norwegian profit declines in Q2, anticipates strong demand

Norwegian Air Shuttle (Norwegian) has delivered an operating profit (EBIT) of NOK 651 million in the second quarter (Q2) characterised by strong operational performance leading up to the busy summer travel season. The airline’s profit before tax (EBT) amounted to NOK 538 million with an improvement in the liquidity position with cash and cash equivalents exceeding NOK 9.3 billion. At quarter-end, the carrier’s fleet comprised 81 aircraft. Norwegian reported a fall in second-quarter net profit, but said demand remains strong and it has begun examining the potential for a dividend. The carrier reported a net profit of NOK 537.9 million