Norse Atlantic Airways has revealed that it has entered into non-disclosure agreements (NDAs) with several parties as part of a review of its business strategy. The discussions could potentially lead to a sale, merger, or partnership.
In the second quarter of 2026, its earnings were affected by higher fuel prices and lower aircraft utilization, among other factors. Revenue totaled US$132 million, while earnings before interest, taxes, depreciation, amortization, and rent (EBITDAR) recorded a loss of US$8.4 million. Although the load factor stood at 94%, capacity also declined by 26%.
While costs increased in its ACMI and charter business, EBITDAR remained profitable. Its contract with IndiGo has ended, and the airline aims to secure contracts that prioritize profitability.
In June, the airline completed a capital increase. Under Project Falcon, it expects to reduce costs by US$50 million annually from 2027. It has also entered into a senior secured financing agreement maturing in 2027 to strengthen liquidity.
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