Norwegian Air has posted better-than-expected second-quarter earnings, marking a significant milestone with the announcement of its first-ever dividend payout. The airline reported an operating profit of 1.25 billion Norwegian crowns ($123.84 million), beating the market consensus of 1.04 billion crowns compiled by the company.

In a major boost for shareholders, Norwegian will distribute a dividend of 0.90 Norwegian crowns per share, reflecting the airline's strong financial performance and strategic recovery efforts post-pandemic.

"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," said CEO Geir Karlsen in a statement.

The airline attributes its robust performance to record passenger numbers and load factors in June, indicating strong summer travel demand despite ongoing challenges in the aviation sector.

Norwegian has reaffirmed its capacity outlook of 37,500 million seat kilometres for the year, maintaining a confident growth trajectory. However, the airline noted that unit costs, excluding fuel, are expected to increase by a low to mid-single-digit percentage compared to 2024.

Delays in aircraft deliveries from Boeing and Airbus continue to strain operations, with parts of the fleet undergoing maintenance or nearing decommission. Despite these headwinds, Norwegian Air remains optimistic about sustaining its momentum through the remainder of the year.

This announcement reinforces Norwegian's renewed financial stability and strategic agility, positioning the airline for further growth in the competitive budget travel space.