NAS.OL - Norwegian Air Shuttle ASA

Oslo - Oslo Delayed Price. Currency in NOK
+0.47 (+1.32%)
At close: 4:25PM CEST
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Previous Close35.74
Bid36.23 x N/A
Ask36.35 x N/A
Day's Range35.79 - 37.22
52 Week Range34.90 - 166.78
Avg. Volume2,098,626
Market Cap4.936B
Beta (3Y Monthly)2.20
PE Ratio (TTM)N/A
EPS (TTM)-51.88
Earnings DateJul 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est224.45
  • Reuters10 days ago

    Norwegian Air shares surge after report of renewed takeover interest

    Norwegian Air shares rose 28% on Thursday following a report by Spanish business daily Expansion that the budget carrier could again become the target of takeover offers. Britain's IAG, the owner of British Airways, earlier this year sold its stake in Norwegian and said it was no longer interested in an acquisition. Citing "sources in the market", the Expansion report said investors are taking positions in Norwegian Air ahead of a possible takeover.

  • Norwegian Air reports rise in April load factor, yield
    Reuters19 days ago

    Norwegian Air reports rise in April load factor, yield

    Norwegian Air filled more seats on its planes and earned higher revenues per customer in April while dealing with the grounding of its 18 Boeing 737 MAX aircraft, it said, sending the company's shares sharply higher in early trade. The company said last month that the global grounding of 737 MAX jets, which followed deadly crashes of airliners in Indonesia and Ethiopia, could scupper Norwegian's plan to return to profitability this year. While analysts had anticipated an income boost, there had been uncertainty about the impact of the 737 MAX groundings, as well as a strike among pilots at rival SAS.

  • Reuters19 days ago

    European shares struggle as trade concerns weigh

    European shares were little changed early on Tuesday with London markets leading losses as investors returned from a long weekend to digest a slew of earnings and watch for developments around U.S.-China trade talks. UniCredit helped lift the Milan index after Italy's biggest bank said it was considering a sale of its FinecoBank unit and had adopted measures to ensure the online broker could operate outside the group. Mobile phone group Cellnex gave a major boost to the IBEX 35 index on news that it had the go-ahead to buy Iliad's mobile tower assets in France and Italy for 2 billion euros ($2.24 billion.

  • Thomson Reuters StreetEvents25 days ago

    Edited Transcript of NAS.OL earnings conference call or presentation 25-Apr-19 6:30am GMT

    Q1 2019 Norwegian Air Shuttle ASA Earnings Presentation

  • Bloomberglast month

    Norwegian Air Hopes You Won’t Pay by Credit Card

    If card providers are worried about a particular carrier’s finances, they can withhold more money on ticket sales from the company, potentially making its liquidity problem worse. Norwegian was forced to raise 3 billion kroner ($350 million) in capital in February to head off a liquidity and capital crunch that was made worse by cautious credit card companies. Receivables — mainly cash due to the company from ticket sales — jumped by more than one-third to an eye-popping 10.7 billion kroner in the first quarter.

  • Reuterslast month

    Boeing jet grounding may blow Norwegian Air recovery off course

    Norwegian Air said the grounding of its Boeing 737 MAX aircraft may last until the end of August and could scupper the carrier's plan to return to profitability this year. Boeing's MAX aircraft have been grounded following the crash of a Lion Air plane in Indonesia last October and an Ethiopian Airlines jet last month, which together killed 346 people. The MAX ban will likely raise Norwegian's 2019 costs by up to 500 million Norwegian crowns (£44.8 million), the company said, adding that its efforts to cut other operating expenses were moving at a faster-than-expected pace.

  • Reuterslast month

    Norwegian Air says Boeing MAX could stay grounded until end of August

    Norwegian Air believes its fleet of 18 Boeing 737 MAX aircraft could remain grounded until the end of August, Chief Executive Bjoern Kjos told Reuters on Thursday. "There is a saying that you should hope for the best and plan for the worst, so we are planning to have (the MAX aircraft) on the ground throughout August," Kjos told Reuters on the sidelines of Norwegian's earnings presentation.

  • Reuterslast month

    Norwegian Air plans no more rescheduling of aircraft deliveries

    Norwegian Air does not expect to postpone more deliveries of aircraft from plane makers, the company said on Thursday. Norwegian late on Wednesday announced deals with Boeing and Airbus to postpone deliveries ...

  • Norwegian Air reschedules aircraft delivery, to cut 2019-20 capex by $2.1 billion
    Reuterslast month

    Norwegian Air reschedules aircraft delivery, to cut 2019-20 capex by $2.1 billion

    Norwegian Air has agreed with Airbus and Boeing to reschedule delivery of aircraft to cut capital spending, the loss-making budget carrier said on Wednesday. In total, the announced restructurings and postponements of Boeing and Airbus aircraft delivery will reduce capital expenditure for 2019 and 2020 by $2.1 billion (1.6 billion pounds), the company said. The company said its Dublin-based subsidiary Arctic Aviation Assets DAC had reached an agreement with Boeing to postpone delivery of 14 737 MAX aircraft which were originally due in 2020 and 2021.

  • Reuterslast month

    Norwegian Air cabin crew union calls for strike at Charles de Gaulle

    PARIS/OSLO (Reuters) - Norwegian Air's largest cabin crew union in France has called for a strike from April 24 to April 26, seeking higher pay and better working conditions, a union representative said on Saturday. UNAC union representative Anastasia Durand told Reuters the union represents 70 percent of the airline's 158 cabin crew based at Charles de Gaulle airport in Paris, also known as Roissy, from where Norwegian has four or five flights per day. Norwegian, which flies directly from Charles de Gaulle airport mainly to destinations in the United States, including New York and Los Angeles, was not immediately available to comment.

  • Reuterslast month

    Norwegian Air postpones Airbus plane delivery to cut costs

    A Norwegian Air subsidiary has agreed with Airbus to postpone plane deliveries scheduled for this year and next, cutting its capital spending by $570 million (£436 million), the loss-making budget carrier said on Wednesday. It is the second time in two months that the airline has postponed aircraft deliveries. The latest postponement covers an order by Norwegian Air's Dublin-based aircraft leasing company Arctic Aviation Assets DAC for A320neos and A321LRs, Norwegian said.

  • Associated Press2 months ago

    Norwegian Air postpones delivery of Airbus planes

    COPENHAGEN, Denmark (AP) — Low-cost carrier Norwegian Air Shuttles says it is postponing the delivery of Airbus aircraft to reduce its capital expenditure by approximately $570 million in 2019 and 2020.

  • Norwegian Air passenger income growth misses expectations in March
    Reuters2 months ago

    Norwegian Air passenger income growth misses expectations in March

    Norwegian Air earned less money than expected from each traveller in March but its aircraft filled up at a faster pace than analysts anticipated, the budget carrier's monthly traffic report showed on Thursday. The grounding last month of its Boeing 737 MAX jets following the deadly crash of an Ethiopian jet, has forced Norwegian to lease other aircraft as the peak summer season nears, further complicating its drive for profitability. While Norwegian has said it would seek compensation from Boeing for the cost of grounding its eighteen MAX fleet, its chief executive has also defended the aircraft model.

  • TheStreet.com2 months ago

    Boeing Chief Executive Aboard Test Flight for Fix

    Just days after asking for a few more weeks to finish its software fix, Boeing Co. says its made a successful test run -- and also won kudos from the chief executive of Norwegian Air Shuttle. The aircraft maker on Wednesday tried out its updated software for its 737 MAX -- the same type of jet that saw two crashes in since October -- and said it appears to work.

  • Reuters2 months ago

    Boeing's new 737 MAX flight control system 'seems foolproof': Norwegian CEO

    Boeing's new MCAS flight control system for its 737 MAX aircraft appears foolproof, Norwegian Air Chief Executive Bjoern Kjos said on Wednesday after visiting the plane maker in Seattle. Kjos, a former fighter pilot, said in a series of tweets he had tested the old system versus the new one in a MAX simulator. More than 300 Boeing 737 MAX jets have been grounded worldwide after two fatal crashes in the past five months in Ethiopia and Indonesia killed nearly 350 people.

  • Norwegian Air sells two planes as it puts profitability over growth
    Reuters2 months ago

    Norwegian Air sells two planes as it puts profitability over growth

    Norwegian Air has sold two of its Boeing 737-800 aircraft as part of its shift in emphasis from rapid growth toward profitability, the budget carrier said on Wednesday. Norwegian last month said it would postpone sales of six other aircraft of the same model, however, to help offset the impact of the worldwide grounding of Boeing 737 MAX jets. Under its fleet renewal program, loss-making Norwegian aims to sell older aircraft, often replacing them with new, more fuel-efficient models.