The Norwegian airline Norwegian is lowering its profit forecast for 2024. On the Oslo Stock Exchange, the verdict is harsh. The share price is plummeting 11 percent.
The operating result for the group is now expected to be 2.1-2.6 billion Norwegian kronor, including Widerøe. Previously, the forecast was 2.5-3.2 billion - excluding Widerøe, which Norwegian took over in January this year.
A weakening of demand in the second quarter, higher salary increases for pilots than expected, and delayed aircraft deliveries from American Boeing are cited as factors that are dragging down the result. Added to this is a negative currency effect due to the weak development of the Norwegian krone.
"The company also estimates that unit costs excluding fuel for Norwegian will increase by a low single-digit percentage compared to 2023," writes Norwegian.
Norwegian flew 2.24 million passengers in June this year, while its subsidiary Widerøe flew an additional nearly 347,000 passengers, according to Norwegian in a press release.
For Norwegian, this is an increase of 11 percent compared to June 2023, while for Widerøe it is an increase of 6 percent.
