|Bid||10.01 x 6100|
|Ask||10.08 x 128200|
|Day's Range||10.07 - 10.36|
|52 Week Range||8.57 - 24.80|
|Beta (5Y Monthly)||0.78|
|PE Ratio (TTM)||4.56|
|Earnings Date||May 13, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.00|
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OSLO (Reuters) -Norwegian Air posted a loss for the first quarter on Friday and said the surge in fuel costs will partly offset the positive effects of increased bookings for the summer season. Norwegian Air earlier this month said the number of passengers rose by 50% in April from the prior month and that ticket yields, an important indicator of profitability, increased by 21% in the same period. "The increase in bookings ahead of the summer season is significant," Chief Executive Officer Geir Karlsen said in a statement.
New Nordic airline Norse Atlantic started ticket sales on Friday for budget transatlantic flights, hoping to succeed where Norwegian Air spectacularly failed, by betting on aircraft leased at rock-bottom rates during the pandemic. Having assembled a fleet of widebody planes, Norway-based Norse will initially connect U.S. destinations New York, Fort Lauderdale, Los Angeles and Orlando with Norway's capital Oslo, and with London and Paris to follow. Its first flight will take off in Oslo on June 14, heading for New York's John F. Kennedy International Airport, its booking system showed.
Norwegian Air may order jets from Airbus in the future unless ongoing litigation with Boeing over previous aircraft cancellations is resolved in a timely fashion, the carrier's chief executive told Reuters on Friday. Norwegian, which flies a Boeing-only fleet, emerged from bankruptcy protection last May but is still locked in a dispute over the cancellation of pre-pandemic orders for 97 Boeing aircraft, which is to be decided in U.S. legal proceedings. It however managed to get a similar contract over deliveries from Airbus terminated.