Boeing 737 Max Delays Cost Norwegian Air $3.2m in Second Quarter

The largest low-cost airline in Scandinavia has served up a smörgåsbord of financial results. On Friday, the Norwegian Group posted a net profit of 477m NOK ($44.5m) for the second quarter. This is typically one of the strongest periods for European airlines.

While a welcome swing from a loss in the first quarter, it represents a fall from the same time in 2023, when the company posted a net profit of 538m NOK ($50.3m).  

There was also mixed news on growth. The budget airline said it expects its capacity to rise 12% this year, based on the total number of ‘seat kilometers’ it puts on sale. However, this trend is set to slow in 2025 due to delays in deliveries of new Boeing 737 Max planes.

Norwegian forecasts that its fleet will reach 90 aircraft by