Norwegian reported a first quarter 2023 operating loss (EBIT) of NOK 916 million, with the loss before tax (EBT) amounting to NOK 992 million.
The carrier said that its liquidity improved through the quarter with cash and cash equivalents at quarter-end increasing to NOK 8.6bn.
The flag carrier reported 3.8 million passengers during the period, up from 1.6 million year-on-year. The load factor was 80.9%, which the Norwegian said showed capacity as "well adjusted to lower demand" due to it being winter.
The company said 83.5% of its flights left on time, despite challenges such as poor weather and French ATC strikes.
"This quarter is a strong demonstration of our ability to adjust capacity to seasonal fluctuations in demand and to prepare well for the busy summer travel season ahead", said chief executive Geir Karlsen,.
At quarter-end, Norwegian's operational fleet was made up of 72 aircraft.
"Ahead of the summer season, we have phased in eleven latest generation aircraft and welcomed many new colleagues. I am very glad that we will not depend on wet-lease capacity this summer. Instead, we will be able to serve our customers entirely with our own aircraft and crew," Karlsen addded.