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Air Greenland stabilises operations after a year of significant operational challenges

 

2025 was one of the most challenging years for Air Greenland's operations in many years. Unusually bad weather in large parts of Greenland and start-up problems at the new international airport in Nuuk led to periods of delays and flight cancellations, affecting customers, employees and the overall financial results for the year.

 

In 2025, the Air Greenland Group realised a pre-tax profit of DKK 3.3 million. The result was lower than expected and below the level of previous years. Revenue increased throughout the year, but earnings were under pressure due to higher costs. Weather-related cancellations significantly increased costs, and the extra capacity deployed in the spring proved difficult to fully utilise, resulting in additional costs. The capacity was therefore adjusted in the autumn.

Jacob Nitter Sørensen

“Towards the end of the year, weather conditions returned to more normal conditions and production was adjusted, resulting in more stable operations. The result is below our original target, but significantly better than expected at the end of the first half of the year,” says CEO Jacob Nitter Sørensen.

In 2025, the Group invested DKK 248.4 million in fixed assets as part of the continued development of the business, which increased the financing requirement. Improved earnings in the coming years are expected to ensure that the planned investment level can be maintained.

Market development

In 2025, Nuuk was transformed into the country's central transport hub. This combined with increased international attention drove higher demand and attracted a growing number of international travellers. Domestic traffic rose slightly, while connecting traffic between international destinations declined. This was primarily driven by the discontinuation of passenger flow between Nuuk and Kangerlussuaq following the opening of the new international airport in Nuuk. Hotel capacity was limited, especially in Nuuk, and this is expected to continue to limit further growth. With the opening of Ilulissat Airport in 2026, a reduction in connecting flights via Nuuk and cross the Atlantic is anticipated.

Outlook for 2026

The experience with operational disruptions gained in 2025 has created a foundation for handling operational challenges and meeting expected demand.

Malik Hegelund Olsen Forperson WEB

“We have optimised the flight schedule to increase flexibility and improve economics. The start-up problems at Nuuk International Airport have been reduced, and we do not expect similar challenges when the new airports in Qaqortoq and Ilulissat open. We therefore expect this to improve punctuality and reduce additional costs due to flights cancellations”, says Chair of the Board Malik Hegelund Olsen.

Air Greenland continues to focus on growth in a competitive market. With the experience gained in 2025 and an optimised flight schedule, a pre-tax profit of DKK 60–70 million is expected in 2026.

 

Air Greenland will hold the Group's Annual General Meeting May 11th, 2026, where the annual and sustainability reports will be presented. The report will be made publicly available April 27th, 2026.