The Norwegians benefited from Boeing's higher 737 maximum production level, delivering two aircraft early in the second quarter. This indicates that planes are emerging from challenging periods of unconstrained, unpredictable production.
During the second quarter revenue briefing on July 11, Norway CEO Geir Karlsen said Scandinavian low-cost carrier allowed Boeing to “rather increase” production on aircraft in the “30s” per month.
In fact, Carlsen points out that the Norwegians received two latest delivery of aircraft that were leased earlier than expected.
He describes it as “a great compliment” to Boeing, “it's okay to look at it.”
These improvements are expected to occur by the end of this year as Norwegians prepare to deliver their first Max Jets from their own orders of 50 CFM's International LEAP-1B-driven type.
At the same time, Carlsen points out that Norwegians are immediately facing a “big decision” about what to do with the 30 options their carriers have for further orders.
“We have a very appealing terminology… As we see, the pricing for these aircraft is between 10% and 15% above the market,” Carlsen said of these options.
However, despite Boeing's improvements, Norwegian chiefs still highlight the “huge backlog” of aircraft orders with Boeing and Airbus. In addition to grounding dozens of Airbus A320s for inspection of Pratt & Whitney PW1100G Geared Turbofans, this will still limit the growth of European capacity for several years, Karlsen will help forecast and support load factors and yields.
Carlsen announced that the Norwegians have emerged from a restructuring that began in 2021, making comments with plans and plans to pay shareholders their first dividends this August.
“We have laid the foundation for a sustainable and profitable airline,” says Norway Chairman Svain Harald Oygard.
Norwegian groups, including the recent acquisition, saw revenue rise 10% year-on-year for the quarter ending June 30, 2025 to NKR 10.3 billion ($1.02 billion).
Its operating profit almost doubled to NKR12.5 billion, but its net profit almost doubled to NKR932 million.
The group sees higher yields offset cost pressures caused by factors including a decline in capacity growth this year – expected to be 3% compared to double digits in recent years – the weakness of Norwegian krone and industry-specific inflation.
Norway finished the second quarter with 90 mainline aircraft, including a maximum of 8S of 28 737 and a 62 737-800. The company aims to operate 96 aircraft in the summer of 2026.
