|Bid||194.40 x 6100|
|Ask||194.50 x 128200|
|Day's Range||187.25 - 197.20|
|52 Week Range||161.00 - 320.00|
|Beta (3Y Monthly)||2.42|
|PE Ratio (TTM)||10.27|
|Earnings Date||Feb 14, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||224.45|
The United States and United Kingdom on Wednesday reached a deal on a new open skies aviation agreement to govern air travel after Britain exits the European Union, the UK government said. Without a deal, U.S. airline ownership rules could have posed an issue for some UK carriers.
Norwegian adds Madrid and Rome flights to Boston and shakes up a few cities in a play for more business travel and cargo.
Norwegian Air Shuttle ASA is closing in on a deal to provide a potential $1 billion cash infusion to help it navigate increasing fuel prices and the slow winter period, Bloomberg reported on Thursday, citing people familiar with the matter. The potential deal will include an initial 8 billion Norwegian krone injection to help the Oslo-based carrier cover for payments it has made for Boeing Co and Airbus SE aircraft, Bloomberg reported. Norwegian Air declined to comment.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Read More...
The UK's withdrawal from the European Union without a deal to substantially replicate existing aviation agreements would be significantly credit negative for European airlines, Moody's Investors Service said in a report today. Moody's central view is that the UK and the EU will reach a deal, minimizing the impact on European airlines' business profiles and financial metrics. "A no-deal Brexit could be significantly credit negative for European airlines," said Jeanine Arnold, a Moody's Vice President -- Senior Credit Officer and author of the report.
The board of Norwegian Air Shuttle ASA has started looking for someone who might be able to replace Bjorn Kjos as chief executive officer when the 72-year-old steps down, according to a report in Nettavisen. Nettavisen said Kjos feels he has been running on “overtime” and that he hopes he won’t still be CEO three years from now. Potential successors include Hurtigruten Group ASA CEO Daniel Skjeldam, as well as Kjos’s daughter and pilot, Anna Helene Kjos, Nettavisen said.
The only budget flights between London and Singapore will end in January when Norwegian Air Shuttle ASA scraps the long-haul route little more than a year after it started. The last flight to London will leave Singapore on Jan. 11, according to Norwegian’s customer booking line. The demise of the service throws into doubt the economics of long-haul, low-cost aviation as fuel prices surge, particular on routes that are already competitive.
LONDON (Reuters) - British Airways-owner IAG (ICAG.L) does not plan to remain a long-term shareholder in bid target Norwegian Air Shuttle (NWC.OL) if a takeover of the low-cost airline does not go ahead. ...
LONDON (Reuters) - The boss of British Airways-owner IAG (ICAG.L) said he remained interested in buying the fast-growing budget airline Norwegian Air Shuttle (NWC.OL) after the two held talks earlier this ...
A second-hand Airbus SE superjumbo will fly for Norwegian Air Shuttle ASA later this month, giving a model once seen as the epitome of luxury a first taste of discount travel. The A380 has been drafted in to operate between London Gatwick airport and New York’s John F. Kennedy hub after the grounding of some of Norwegian’s own Boeing Co. 787s, according to a spokesman for the airline. The trans-Atlantic stint comes after the Scandinavian arm of Thomas Cook Group Plc this week used the double-decker to transport holidaymakers between Copenhagen and Cyprus and Oslo and Majorca to help cope with its own plane shortage.
Moody's Investors Service ("Moody's") affirmed the Ba1 rating assigned to Norwegian Air Shuttle ASA's ("NAS") Class A Enhanced Pass Through Certificates, Series 2016-1 and downgraded this Series' Class B Enhanced Pass Through Certificates to B2 from B1. The affirmation of the Class A certificates reflects Moody's estimate of a sufficient equity cushion of about 35% before priority claims on Norwegian's Series 2016-1 Enhanced Equipment Trust Certificates.
Indian budget airline Spicejet is in talks with aircraft makers over planes that would help its ambitions to fly long-haul, the carrier's chairman said on Monday. "We would dearly like to take passengers to Europe and the United States," Ajay Singh, chairman and managing director of Spicejet, said at an airline panel during the Farnborough Airshow. The rise of low-cost long-haul travelling has been led by Asian carriers such as AirAsia, as well as Norwegian Air Shuttle across the Atlantic, although it remains to be seen whether it can be profitable in the long run.
Indian budget airline Spicejet (SPJT.BO) is in talks with aircraft makers over planes that would help its ambitions to fly long-haul, the carrier's chairman said on Monday. "We would dearly like to take passengers to Europe and the United States," Ajay Singh, chairman and managing director of Spicejet, said at an airline panel during the Farnborough Airshow. The rise of low-cost long-haul traveling has been led by Asian carriers such as AirAsia (AIRA.KL), as well as Norwegian Air Shuttle (NWC.OL) across the Atlantic, although it remains to be seen whether it can be profitable in the long run.
At this rate Norwegian Air Shuttle ASA is going to need a new name. Sales to American passengers have doubled in the past year, as they flock to its bargain transatlantic fares and snazzy new planes. It’s plausible that U.S. revenue will one day leapfrog Norwegian’s domestic sales. “American Air Shuttle” does have a ring to it.
Fast-growing budget airline Norwegian Air Shuttle (NWC.OL) beat expectations with a second-quarter net profit on Thursday as it controlled costs better than expected at a time when its transatlantic expansion is peaking. Europe's third-largest budget airline by passenger numbers is trying to crack the transatlantic market by undercutting established rivals, but has faced pressures to control costs and shore up its balance sheet in the face of competition. The company posted a net profit of 300 million crowns (28.06 million pounds)in the second quarter, compared with a loss of 691 million crowns a year earlier.
Norwegian Air Shuttle ASA rose the most in three weeks after record revenue and a surprise profit added an unexpected sheen to the low-cost carrier that’s getting takeover interest from competitors. “Despite being at the peak of our growth phase, we have been able to present a profit and decreased unit costs during the second quarter,” Chief Executive Officer Bjorn Kjos said in a statement. The results included a 445 million kroner gain classified as “other financial items.” A spokeswoman said Norwegian has euro debt in a dollar company, and the company booked a gain on its debt portfolio as the dollar has strengthened.
Norwegian Air Shuttle ASA (OB:NAS), a airlines company based in Norway, saw a significant share price rise of over 20% in the past couple of months on the OB. WithRead More...
Norwegian Air Shuttle (NWC.OL) is reaching a size at which it can be profitable, its founder and CEO said on Tuesday, while reiterating that he will not block a sale of the budget carrier if other shareholders want out. Both British Airways owner IAG (ICAG.L) and Lufthansa (LHAG.DE) have been in contact with Norwegian over a possible deal. After the failures of Air Berlin and Monarch last year, airline executives have predicted more consolidation this year in Europe.
Norwegian Air Shuttle ASA Chief Executive Officer Bjorn Kjos said his company has attracted takeover interest from multiple potential bidders and remains open to a deal on the right terms. While British Airways owner IAG SA has had two offers rejected and Deutsche Lufthansa AG is looking at submitting a proposal, Kjos said in an interview Tuesday that “several others” are also interested. The parties are all “very well run airlines with good people,” according to the CEO, who said that Norwegian Air would be a better fit for a European carrier rather than an American or Asian one.