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Investing.com -- Norwegian Air on Friday reported second-quarter earnings that exceeded market expectations on Friday and announced its first-ever dividend payment.
The budget airline posted an operating profit (EBIT) of 1.25 billion Norwegian crowns ($123.84 million) for the quarter, surpassing the company-compiled consensus of 1.04 billion crowns.
Norwegian Air will pay a dividend of 0.90 crowns per share, marking the first dividend payment in the company’s history.
"The operating profit and margin are the second highest we have ever had in this quarter, and the passenger numbers and load factor are the highest in a second quarter since 2019," CEO Geir Karlsen said in the statement.
Looking ahead, the carrier expects its unit costs - the average cost of flying an aircraft seat - excluding fuel to increase by a low to mid-single-digit percentage compared to 2024.
Norwegian Air maintained its capacity outlook of 37,500 million seat kilometres.
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