The Air Greenland Group reported a profit before tax of DKK 9.8 million in the first half of 2026, compared with a loss of DKK 87.4 million in the same period the previous year. On this basis, Air Greenland now expects a profit before tax of approximately DKK 100 million for the full year 2026.

The Board of Directors of the Air Greenland Group has approved the interim report for the period from 1 January to 30 June 2026. Net revenue increased by 7.5% to DKK 928.3 million, and the profit before tax corresponds to a margin of 1.1%. The improvement primarily reflects fewer extraordinary disruptions to traffic operations during the first half of 2026, which was managed significantly better than in 2025, higher passenger revenue, and lower costs related to traffic irregularities.

Operating conditions were more normal than in the corresponding period of the previous year. Weather conditions affected traffic operations to a lesser extent, and conditions at Nuuk Airport were more stable, although challenges remained, including those relating to security screening.

Regularity increased by 13.9 percentage points to 85.7%, while punctuality for fixed-wing aircraft increased by 20 percentage points to 73%. Direct costs resulting from operational disruptions decreased by DKK 26.3 million, corresponding to 37%, to DKK 44.6 million.

Air Greenland’s Chief Executive Officer, Jacob Nitter Sørensen, views the half-year result as an indication that the company is moving in the right direction following a challenging 2025. At the same time, he points out that Air Greenland has adjusted its flight schedule to reflect demand and strengthened its handling of delays and technical incidents.

The opening of the new 1,499-metre regional runway in Qaqortoq in April has changed traffic flows in South Greenland. Traffic is now increasingly concentrated around Qaqortoq, which, as expected, has increased demand on routes to and from destinations including Nuuk, compared with the previous traffic pattern via Narsarsuaq. A corresponding consequence, also as expected, was a reduction in activity under the regional public service contract.

Across the route network, Air Greenland has adjusted its flight schedule to reflect the current passenger base and incorporated additional buffers into planning to improve its ability to manage operational irregularities.

As part of its efforts to strengthen international connectivity, Air Greenland achieved IOSA certification in March and became a member of IATA in June 2026. Over time, this is expected to support cooperation with international airlines and improve accessibility to and from Greenland.

Cash flows from operating activities amounted to DKK 298.8 million, compared with DKK 169.7 million in the previous year. At the end of June, the Group held cash and cash equivalents of DKK 783.7 million and equity of DKK 814.0 million. The cash position should be viewed in conjunction with a bond issuance intended to finance ongoing capital projects and future investments. Equity amounted to DKK 814.0 million at the end of the reporting period. On this basis, Management assesses that the Group has a strong capital position to support its planned development and ongoing investments.

Air Greenland now expects a profit before tax of approximately DKK 100 million for 2026. The upgraded outlook reflects improved traffic operations, the current passenger base, and expected developments during the remaining months of the year, when activity levels are normally higher. The forecast assumes that regularity, capacity, and external operating conditions develop as anticipated. Significant adverse developments in, among other areas, weather conditions, airport operations, fuel prices, or other external factors will affect the result.

Following the end of the first half of the year, Air Greenland has taken additional steps that support emergency preparedness, capacity, and the long-term development of the company’s activities.

A new contract has been entered into with the Danish Ministry of Defence Acquisition and Logistics Organisation (DALO) concerning the modification of two Dash 8 aircraft, which from 2028 will form part of the surveillance of Greenland. Read more here.

In addition, an agreement has been entered into for the acquisition of the operating company Hotel Hans Egede A/S. Completion of the acquisition remains subject to approval by the relevant authorities. Read more here.