Avinor delivers a solid first quarter in turbulent times

18 May 2026 14:00 CEST

Despite geopolitical unrest, Avinor reports a good first quarter with increased
passenger traffic and revenues. The long-term outlook is positive, but there is
currently significant uncertainty related to developments going forward and how
long this will last.

In the short term, developments will be influenced, among other things, by
airline capacity and demand for air travel, as well as trends in commercial
revenues.

In the first quarter, 11.9 million passengers travelled through Avinor’s
airports, an increase of 3.9 per cent compared with the same period last year.
At the same time, operating revenues increased to NOK 3.2 billion, and profit
after tax was NOK 240 million, up from a loss of NOK 87 million the year before.

At the same time, Avinor continues to work on an extensive portfolio of
development projects, including new airports in Bodø and Mo i Rana, upgrades to
existing airports, and the modernisation of technology and air navigation
systems.

The escalating security situation in the Middle East is affecting aviation
internationally. For Avinor, the effects so far have been limited, beyond
reductions in flight movements and cancelled departures to the region.

At the same time, developments are increasing risk for the aviation sector more
broadly, and the situation could change rapidly in the event of a more prolonged
conflict, for example as a result of continued high energy prices, shortages of
aviation fuel, and closed airspace.

The underlying outlook remains positive. Avinor expects moderate passenger
growth to around 59 million passengers in 2032, up from 53.1 million in 2025.
Most of this growth is expected to come from international traffic, while
domestic traffic is expected to remain more stable.

“We are living in a time marked by international unrest, but Avinor has a robust
operation and expects both traffic growth and improved earnings over time. At
the same time, we continue to develop our airports and the services we offer
passengers, while maintaining a focus on safe, stable and cost-effective
operations. We are continuously working to keep costs down,” says Avinor CEO
Abraham Foss.

Avinor also emphasises that developments in traffic and revenues will continue
to be affected by market conditions, airlines’ capacity and demand for air
travel. New travel patterns and customer groups may also change needs in the
period ahead.


Contact:
Abraham Foss, CEO, +47 479 01 111
Petter Johannessen, CFO, +47 400 03 003
Hilde Vedum, Finance Director, +47 995 00 534

More information:
Access the news on Oslo Bors NewsWeb site

673730_Avinor Q1-2026 eng.pdf