Norse Atlantic strategic review attracts ‘strong international interest’

Norse Atlantic Airways has reported “strong interest” in its strategic review, which may result in a sale, merger or partnership.

Last month the low-cost, long-haul carrier launched a formal sale process to explore a potential takeover, merger or strategic partnership.

In its latest quarterly results, announced on Thursday (August 20), the airline posted $132 million in revenues for the second quarter of 2026, with a loss before interest and taxes of $8.4 million.

Eivind Roald, chief executive, said: “The second quarter demonstrated Norse Atlantic’s ability to adapt as an Airline on Demand in a challenging environment for the airline industry.

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“We are of course not satisfied with the financial results, but I believe we have taken important steps to strengthen our commercial operations and financial platform.

“High jet fuel prices and geopolitical disruptions impacted profitability across the sector in the first half of 2026, with airlines trimming capacity to adapt to changing market conditions.”

He said the airline has “progressed the strategic review that has attracted strong international interest”.

“The strategic review has advanced into a more formal process, with multiple parties having signed NDAs [non-disclosure agreements], which may result in a sale, merger or partnership,” he said.

“We work diligently to ensure that Norse has adequate financial resources to navigate the challenging market conditions.”

Roald said Norse “continues to deliver an excellent product to our passengers, strong operational performance and significant commercial momentum” despite the “industry headwinds”.