Norwegian Air Shuttle ASA

NAS

Equity

ISIN NO0010196140 / Valor 1750814

Oslo Stock Exchange (2025-11-21)

NOK 15.63-0.03%

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

Revenue and Profit Growth

Norwegian Air Shuttle ASA achieved a total revenue of NOK 35.3 billion in 2024, marking a 38% increase compared to the previous year. The operating profit (EBIT) reached NOK 1,873 million, the second highest in the company's history.

Passenger and Market Share Expansion

The company served over 26 million passengers in 2024, a 10% increase from 2023, with Widerøe accounting for over 70% of the net passengers. In Norway, Norwegian secured a market share of over 50%, reinforcing its position as a leading carrier in one of its key home markets.

Fleet Expansion and Acquisition of Widerøe

With the acquisition of Widerøe, Norwegian Air Shuttle ASA expanded its fleet to 135 aircraft by the end of the year, an increase of 49 aircraft from the previous year. The integration of nearly 3,500 new employees has enhanced the company's operational capabilities.

Growth in Corporate Travel

Corporate travel passengers increased by 19% compared to the previous year, supported by nearly 3,000 new corporate agreements. The company's robust presence in the corporate travel market has contributed to its overall growth.

Operational Performance and Sustainability

Norwegian maintained high on-time performance, ranking among the top five airlines in Europe for punctuality. Additionally, the company made significant strides in sustainability, including the successful launch of a major biofuel agreement and advancements in low-emission initiatives.

Summarized from source with an LLMView Source

Key figures

41.9%1Y

84.5%3Y

-23.5%5Y

Performance

38.7%1Y

42.5%3Y

77.8%5Y

Volatility