Norwegian Air Shuttle ASA

NAS

Equity

ISIN NO0010196140 / Valor 1750814

Oslo Stock Exchange (2025-03-14)

NOK 10.97+1.20%

Norwegian Air Shuttle ASA
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About company

Norwegian Air Shuttle ASA, commonly referred to as Norwegian, is a significant player in the aviation industry, primarily operating in the low-cost airline sector. With its headquarters located at Fornebu, just outside Oslo, Norway, the company oversees a group that includes several subsidiaries across Scandinavia, Ireland, and the UK. Norwegian has established itself as a key airline in Europe, offering both domestic flights within Scandinavian countries and international flights to various destinations. The airline is known for its cost-effective travel options, aiming to provide affordable air travel to a broad customer base. While the company focuses on passenger transportation, it also extends its services to include cargo transport, leveraging its extensive network of flights. Over the years, Norwegian has grown to become a recognizable brand in the airline industry, known for its efficiency, competitive pricing, and customer service.

Summarized from source with an LLMView SourceSector: Industrials

Passenger Growth

In the third quarter of 2024, Norwegian Air Shuttle ASA reported a significant increase in passenger numbers, with a total of 8.2 million passengers. This includes 7.2 million passengers for Norwegian and 1.0 million for Widerøe. Compared to the same period last year, Norwegian saw an increase of 690,000 passengers, while Widerøe experienced a growth of 99,000 passengers.

Financial Performance

Norwegian Air Shuttle ASA achieved an operating profit (EBIT) of NOK 2,128 million in the third quarter of 2024, reflecting an operating margin of 18.4 percent. The profit before tax (EBT) for the quarter was NOK 2,004 million. These results highlight the company's strong financial performance and ability to manage capacity growth effectively.

Revenue and Expenses

The group's operating revenue for the third quarter of 2024 was NOK 11,594 million. Total operating expenses, excluding aircraft lease, depreciation, and amortization, amounted to NOK 8,016 million. Aviation fuel expenses were NOK 2,938 million, representing 37 percent of the total operating expenses, a decrease from 41 percent in the same period last year.

Fleet and Capacity

By the end of the third quarter of 2024, Norwegian Air Shuttle ASA's fleet consisted of 86 aircraft, including 22 latest technology 737 MAX 8 aircraft. Widerøe's fleet comprised 49 aircraft. Norwegian's production (ASK) increased by 10 percent to 11.5 billion seat kilometers, while Widerøe's production saw a slight reduction of 2 percent.

Cash Position and Dividends

Norwegian Air Shuttle ASA maintained a strong liquidity position with NOK 11.5 billion in cash at the end of the third quarter of 2024, an increase of NOK 2.1 billion from the previous year. The company has also provisioned a dividend of NOK 0.60 per share, reflecting its commitment to returning value to shareholders.

Summarized from source with an LLMView Source

Key figures

-35.4%1Y

7.60%3Y

-97.1%5Y

Performance

47.5%1Y

46.1%3Y

97.2%5Y

Volatility