Norwegian Air

Norwegian Air staged a remarkable post-bankruptcy comeback in 2021, re-emerging as a leaner Scandinavian LCC focused on profitable Nordic routes. In 2025, the airline re-entered transatlantic routes with ultra-competitive fares, echoing its 2012-2017 strategy that offered $65 transatlantic tickets. The airline's modern Boeing 787 fleet delivers a 20% lower fuel burn per seat compared to older aircraft used by some competitors. Norwegian's cost per available seat kilometer (CASK) is 25% below the industry average for long-haul LCCs, enabling its aggressive pricing. The airline now operates 50+ daily flights from its Oslo hub, connecting 15 European cities to New York, Los Angeles, and Bangkok. This strategic focus on profitable long-haul niches has returned Norwegian to profitability, with a 5% operating margin in 2024.