Norwegian Air Shuttle reported a Q2 EBIT of NOK213 million despite a 1.2% revenue rise as fuel expenses pressured earnings.
Norwegian Air Shuttle ASA reported a Q2 EBIT of NOK213 million, excluding other losses and gains, as revenue rose 1.2% year-over-year to NOK10.41 billion. The airline cited higher fuel costs as a key drag on profitability, offsetting gains from increased revenue.
The carrier’s GAAP earnings per share stood at -NOK0.53 for the quarter. Cash and cash equivalents were not fully disclosed in the release. Prior-year comparisons show a mixed performance amid volatile fuel prices and operational challenges.
No immediate market reaction was detailed in the release.