Dashboard Tools Market News Investing Ideas Pricing About Us
Sign Up
Log in
Norwegian Air Shuttle ASA banner
N

Norwegian Air Shuttle ASA
OSE:NAS

Watchlist Manager
Norwegian Air Shuttle ASA
OSE:NAS
Watchlist
Price: 16.87 NOK -0.47% Market Closed
Market Cap: kr17.8B
Write Note Create Alert Ask AI
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-
5Y
-
10Y
+72%
Operating Income
+
3Y
-
5Y
-
10Y
-
Net Income
+
3Y
-
5Y
-
10Y
-

Earnings Waterfall
Norwegian Air Shuttle ASA

Income Statement
Norwegian Air Shuttle ASA

Rotate your device to view
Income Statement
Currency: NOK
Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
1
0
0
0
1
0
0
0
1
0
0
0
1
0
0
0
19
0
0
0
10
6
9
15
21
24
30
36
40
41
50
56
70
81
96
102
119
117
107
118
257
283
317
329
303
335
360
390
463
517
560
665
686
710
857
909
959
1 016
1 016
1 074
1 160
1 622
2 141
2 651
3 109
0
2 691
0
682
0
650
162
375
602
848
965
1 039
1 098
1 135
1 233
0
0
Revenue
959
N/A
956
0%
1 052
+10%
1 154
+10%
1 210
+5%
1 293
+7%
1 514
+17%
1 772
+17%
1 972
+11%
2 192
+11%
2 425
+11%
2 713
+12%
2 941
+8%
3 140
+7%
3 395
+8%
3 841
+13%
4 226
+10%
4 577
+8%
5 109
+12%
5 757
+13%
6 226
+8%
6 525
+5%
6 874
+5%
7 174
+4%
7 309
+2%
7 514
+3%
7 646
+2%
8 202
+7%
8 598
+5%
8 900
+4%
9 593
+8%
10 141
+6%
10 532
+4%
10 997
+4%
11 442
+4%
12 290
+7%
12 859
+5%
13 403
+4%
14 246
+6%
14 899
+5%
15 580
+5%
16 226
+4%
17 258
+6%
18 717
+8%
19 540
+4%
20 018
+2%
20 835
+4%
21 774
+5%
22 491
+3%
23 417
+4%
24 189
+3%
25 243
+4%
25 951
+3%
26 246
+1%
27 388
+4%
29 131
+6%
30 948
+6%
32 685
+6%
35 139
+8%
38 452
+9%
40 266
+5%
41 265
+2%
43 218
+5%
44 235
+2%
43 522
-2%
30 486
-30%
9 096
-70%
2 549
-72%
5 068
+99%
11 262
+122%
18 869
+68%
22 844
+21%
22 931
+0%
31 707
+38%
25 539
-19%
27 709
+8%
30 184
+9%
33 002
+9%
35 317
+7%
35 755
+1%
36 697
+3%
37 355
+2%
Gross Profit
Cost of Revenue
(516)
0
0
0
(771)
0
0
0
(1 205)
0
0
0
(1 937)
0
0
0
(2 558)
0
0
0
(4 240)
0
0
0
(3 843)
0
0
0
(4 950)
0
0
0
(6 349)
0
0
0
(7 341)
0
0
0
(9 157)
0
0
0
(13 727)
0
0
0
(12 187)
0
0
0
(13 217)
0
0
0
(17 491)
(5 016)
(11 323)
(18 770)
(25 629)
(26 380)
(26 978)
(26 656)
(25 387)
(16 868)
(5 963)
(2 724)
(3 846)
(8 116)
(12 802)
(15 395)
(13 785)
(17 819)
(13 316)
(13 770)
(14 765)
(15 868)
(16 647)
(17 302)
(17 571)
(17 725)
Gross Profit
443
N/A
0
N/A
0
N/A
0
N/A
439
N/A
0
N/A
0
N/A
0
N/A
768
N/A
0
N/A
0
N/A
0
N/A
1 004
N/A
0
N/A
0
N/A
0
N/A
1 669
N/A
0
N/A
0
N/A
0
N/A
1 986
N/A
0
N/A
0
N/A
0
N/A
3 466
N/A
0
N/A
0
N/A
0
N/A
3 648
N/A
0
N/A
0
N/A
0
N/A
4 184
N/A
0
N/A
0
N/A
0
N/A
5 518
N/A
0
N/A
0
N/A
0
N/A
6 422
N/A
0
N/A
0
N/A
0
N/A
5 813
N/A
0
N/A
0
N/A
0
N/A
10 304
N/A
0
N/A
0
N/A
0
N/A
12 733
N/A
0
N/A
0
N/A
0
N/A
13 457
N/A
1 977
-85%
5 897
+198%
11 838
+101%
14 636
+24%
14 885
+2%
16 241
+9%
17 579
+8%
18 135
+3%
13 619
-25%
3 133
-77%
(175)
N/A
1 221
N/A
3 145
+158%
6 068
+93%
7 450
+23%
9 146
+23%
13 888
+52%
12 223
-12%
13 939
+14%
15 419
+11%
17 134
+11%
18 670
+9%
18 452
-1%
19 126
+4%
19 630
+3%
Operating Income
Operating Expenses
(477)
(1 083)
(1 206)
(1 283)
(598)
(1 450)
(1 606)
(1 792)
(742)
(2 176)
(2 410)
(2 715)
(1 035)
(3 136)
(3 345)
(3 681)
(1 534)
(4 678)
(5 350)
(5 954)
(2 324)
(6 738)
(6 791)
(6 809)
(2 894)
(7 047)
(7 494)
(7 953)
(3 437)
(8 946)
(9 473)
(9 672)
(3 767)
(10 661)
(10 857)
(11 920)
(5 115)
(12 356)
(13 074)
(13 798)
(5 453)
(16 102)
(17 665)
(19 230)
(7 224)
(21 375)
(21 587)
(21 876)
(9 956)
(23 241)
(23 528)
(24 391)
(10 913)
(25 233)
(27 668)
(29 125)
(14 803)
(30 196)
(25 245)
(20 957)
(18 487)
(17 968)
(18 854)
(19 038)
(17 297)
(16 913)
(11 964)
(6 094)
(4 740)
(5 293)
(6 602)
(6 864)
(8 420)
(10 991)
(9 956)
(11 553)
(13 089)
(14 840)
(16 503)
(16 428)
(16 444)
(16 006)
Selling, General & Administrative
(341)
(275)
(305)
(324)
(425)
(355)
(376)
(399)
(500)
(461)
(492)
(537)
(686)
(637)
(707)
(827)
(1 013)
(1 064)
(1 212)
(1 312)
(1 486)
(1 621)
(1 761)
(1 852)
(2 073)
(1 858)
(1 921)
(2 051)
(2 477)
(2 225)
(2 324)
(2 398)
(2 865)
(2 770)
(2 861)
(3 008)
(3 376)
(2 975)
(3 152)
(3 420)
(4 102)
(4 047)
(4 358)
(4 609)
(5 584)
(5 268)
(5 372)
(5 542)
(6 322)
(5 868)
(6 105)
(6 463)
(7 646)
(7 117)
(7 727)
(8 453)
(10 225)
(8 859)
(8 322)
(7 427)
(12 126)
(6 774)
(6 881)
(6 889)
(9 889)
(5 481)
(4 367)
(1 754)
(3 152)
(2 581)
(4 204)
(3 805)
(3 461)
(4 462)
(5 659)
(4 879)
(5 887)
(6 930)
(10 193)
(8 309)
(8 327)
(8 415)
Depreciation & Amortization
(10)
(11)
(13)
(16)
(18)
(21)
(24)
(27)
(30)
(32)
(39)
(46)
(51)
(58)
(62)
(66)
(74)
(92)
(105)
(121)
(130)
(128)
(132)
(136)
(149)
(163)
(172)
(183)
(187)
(206)
(225)
(253)
(294)
(306)
(330)
(367)
(385)
(427)
(468)
(493)
(530)
(572)
(623)
(677)
(748)
(806)
(872)
(979)
(1 133)
(1 201)
(1 275)
(1 325)
(1 296)
(1 372)
(1 399)
(1 379)
(1 405)
0
0
0
(1 620)
0
0
0
0
0
0
0
(1 270)
0
(1 851)
0
0
0
(3 522)
(1 935)
(3 188)
(4 632)
(5 034)
(4 641)
(4 747)
(4 218)
Other Operating Expenses
(126)
(798)
(887)
(943)
(155)
(1 073)
(1 205)
(1 365)
(212)
(1 683)
(1 880)
(2 132)
(297)
(2 441)
(2 576)
(2 789)
(448)
(3 522)
(4 034)
(4 521)
(708)
(4 988)
(4 898)
(4 820)
(672)
(5 026)
(5 400)
(5 718)
(774)
(6 516)
(6 924)
(7 021)
(609)
(7 585)
(7 665)
(8 545)
(1 354)
(8 954)
(9 455)
(9 886)
(821)
(11 484)
(12 684)
(13 944)
(892)
(15 301)
(15 343)
(15 354)
(2 501)
(16 172)
(16 148)
(16 604)
(1 971)
(16 744)
(18 542)
(19 292)
(3 173)
(21 336)
(16 923)
(13 530)
(4 741)
(11 194)
(11 974)
(12 150)
(7 408)
(11 432)
(7 597)
(4 340)
(318)
(2 712)
(547)
(3 059)
(4 959)
(6 529)
(775)
(4 739)
(4 014)
(3 278)
(1 275)
(3 478)
(3 370)
(3 373)
Operating Income
(34)
N/A
(127)
-274%
(154)
-21%
(128)
+16%
(159)
-24%
(157)
+1%
(93)
+41%
(20)
+78%
25
N/A
16
-35%
15
-10%
(2)
N/A
(31)
-1 465%
5
N/A
50
+942%
159
+220%
134
-16%
(101)
N/A
(241)
-138%
(197)
+18%
(338)
-72%
(212)
+37%
83
N/A
365
+340%
572
+57%
467
-18%
152
-68%
249
+64%
210
-16%
(46)
N/A
120
N/A
469
+292%
416
-11%
336
-19%
586
+74%
370
-37%
403
+9%
1 047
+160%
1 171
+12%
1 101
-6%
970
-12%
124
-87%
(407)
N/A
(513)
-26%
(1 411)
-175%
(1 357)
+4%
(752)
+45%
(102)
+86%
348
N/A
176
-49%
661
+276%
852
+29%
1 820
+114%
1 013
-44%
(280)
N/A
6
N/A
(1 346)
N/A
(2 526)
-88%
(1 430)
+43%
(1 274)
+11%
(3 851)
-202%
(3 083)
+20%
(2 614)
+15%
(1 459)
+44%
839
N/A
(3 295)
N/A
(8 831)
-168%
(6 269)
+29%
(3 518)
+44%
(2 148)
+39%
(534)
+75%
586
N/A
726
+24%
2 897
+299%
2 268
-22%
2 386
+5%
2 331
-2%
2 294
-2%
2 167
-6%
2 024
-7%
2 682
+32%
3 625
+35%
Pre-Tax Income
Interest Income Expense
0
0
0
0
8
0
0
0
12
0
0
0
0
0
0
0
14
(4)
(10)
(12)
(11)
(5)
2
6
51
4
4
6
33
11
5
0
(226)
(18)
(26)
(22)
259
(40)
(18)
(27)
(506)
(82)
(121)
(140)
(211)
(217)
(226)
(246)
(261)
(327)
(330)
(405)
(308)
(430)
(558)
(576)
(939)
(555)
(614)
(721)
(568)
(1 439)
(1 895)
(2 342)
(2 797)
(3 161)
(868)
(1 210)
(392)
(547)
(704)
(710)
(573)
(727)
(653)
(678)
(715)
(757)
(795)
(809)
(843)
(888)
Non-Reccuring Items
(24)
0
0
0
(1)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(576)
(646)
(656)
0
(80)
(10)
0
0
0
0
125
2 487
(12 356)
(8 427)
5 586
3 615
2 165
0
0
0
7
0
0
0
2
0
0
0
Total Other Income
0
(1)
1
2
(1)
12
7
11
0
9
15
9
(1)
2
(6)
(48)
(35)
(54)
(56)
377
354
365
394
46
0
27
(91)
23
0
147
250
(143)
(23)
(143)
(335)
64
(39)
(146)
(140)
(331)
(26)
(257)
(101)
(75)
(5)
(18)
(21)
(59)
(11)
11
2
58
(4)
69
227
179
379
151
473
533
1 929
569
297
193
146
(645)
(78)
155
201
(418)
119
179
222
256
182
184
215
249
(19)
287
241
230
Pre-Tax Income
(59)
N/A
(128)
-117%
(152)
-19%
(126)
+17%
(152)
-21%
(144)
+5%
(86)
+41%
(9)
+89%
37
N/A
25
-32%
30
+17%
7
-76%
(32)
N/A
7
N/A
44
+520%
111
+153%
113
+1%
(159)
N/A
(307)
-93%
169
N/A
5
-97%
148
+2 861%
479
+224%
417
-13%
623
+49%
498
-20%
65
-87%
279
+329%
243
-13%
112
-54%
374
+234%
327
-13%
167
-49%
175
+5%
226
+29%
412
+83%
623
+51%
861
+38%
1 013
+18%
743
-27%
437
-41%
(215)
N/A
(629)
-192%
(728)
-16%
(1 627)
-124%
(1 592)
+2%
(999)
+37%
(406)
+59%
75
N/A
(140)
N/A
333
N/A
506
+52%
1 508
+198%
652
-57%
(1 187)
N/A
(1 037)
+13%
(2 562)
-147%
(2 930)
-14%
(1 651)
+44%
(1 472)
+11%
(2 490)
-69%
(3 953)
-59%
(4 211)
-7%
(3 608)
+14%
(1 688)
+53%
(4 613)
-173%
(22 133)
-380%
(15 751)
+29%
1 876
N/A
503
-73%
1 046
+108%
55
-95%
376
+586%
2 425
+545%
1 804
-26%
1 892
+5%
1 831
-3%
1 786
-2%
1 355
-24%
1 502
+11%
2 080
+38%
2 967
+43%
Net Income
Tax Provision
16
36
42
35
43
40
24
3
(10)
(7)
(8)
(2)
10
(1)
(11)
(30)
(28)
48
89
(49)
(1)
(43)
(132)
(109)
(177)
(141)
(23)
(84)
(72)
(35)
(109)
(95)
(44)
(45)
(59)
(113)
(167)
(236)
(281)
(204)
(116)
59
405
441
557
578
181
47
171
125
71
59
(373)
(209)
194
153
768
881
593
616
1 036
1 055
1 096
860
79
(1 022)
(907)
(266)
(6)
(8)
(41)
(42)
(40)
(51)
(67)
(66)
(66)
(55)
(0)
(0)
(123)
(465)
Income from Continuing Operations
(43)
(93)
(110)
(91)
(110)
(104)
(62)
(7)
27
18
21
5
(22)
6
33
81
85
(111)
(218)
120
4
105
347
308
446
357
42
195
171
77
265
232
122
130
167
300
457
625
731
539
322
(156)
(224)
(286)
(1 070)
(1 014)
(818)
(359)
246
(16)
405
564
1 135
443
(993)
(884)
(1 794)
(2 049)
(1 058)
(856)
(1 454)
(2 897)
(3 115)
(2 748)
(1 609)
(5 635)
(23 040)
(16 017)
1 871
495
1 005
13
336
2 375
1 737
1 826
1 765
1 731
1 355
1 502
1 957
2 501
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9
2
8
(1)
(9)
(6)
(16)
(7)
(3)
(8)
(4)
(6)
28
(11)
(41)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
(43)
N/A
(93)
-115%
(110)
-19%
(91)
+17%
(110)
-21%
(104)
+5%
(62)
+41%
(7)
+89%
27
N/A
18
-33%
21
+18%
5
-76%
(22)
N/A
6
N/A
33
+445%
81
+149%
85
+5%
(111)
N/A
(218)
-96%
120
N/A
4
-97%
105
+2 525%
347
+231%
308
-11%
446
+45%
357
-20%
42
-88%
195
+364%
171
-12%
77
-55%
265
+245%
232
-13%
122
-47%
130
+6%
167
+28%
300
+80%
457
+52%
625
+37%
731
+17%
539
-26%
322
-40%
(156)
N/A
(224)
-44%
(287)
-28%
(1 070)
-273%
(1 015)
+5%
(818)
+19%
(359)
+56%
246
N/A
(16)
N/A
405
N/A
564
+39%
1 135
+101%
452
-60%
(991)
N/A
(875)
+12%
(1 795)
-105%
(2 058)
-15%
(1 065)
+48%
(871)
+18%
(1 461)
-68%
(2 900)
-98%
(3 123)
-8%
(2 752)
+12%
(1 615)
+41%
(5 607)
-247%
(23 051)
-311%
(16 058)
+30%
1 871
N/A
495
-74%
1 006
+103%
13
-99%
336
+2 545%
2 375
+607%
1 737
-27%
1 826
+5%
1 766
-3%
1 731
-2%
1 355
-22%
1 502
+11%
1 957
+30%
2 501
+28%
EPS (Diluted)
-2.04
N/A
-120.14
-5 789%
-141.83
-18%
-116.75
+18%
-3.05
+97%
-133.08
-4 263%
-79.04
+41%
-8.64
+89%
0.75
N/A
21.97
+2 829%
25.48
+16%
6.28
-75%
-0.57
N/A
7.15
N/A
38.73
+442%
89.13
+130%
2.07
-98%
-125.12
N/A
-245.34
-96%
124.64
N/A
0.08
-100%
86.35
+107 838%
278.34
+222%
244.59
-12%
7.55
-97%
277.41
+3 574%
32.69
-88%
148.74
+355%
2.8
-98%
59.14
+2 012%
200.36
+239%
175.27
-13%
1.98
-99%
99
+4 900%
126.02
+27%
226.77
+80%
7.37
-97%
472.72
+6 314%
547.74
+16%
403.77
-26%
5.03
-99%
-117.95
N/A
-166.86
-41%
-213.03
-28%
-17.33
+92%
-767.44
-4 328%
-608.07
+21%
-266.81
+56%
393.85
N/A
-11.64
N/A
301.15
N/A
415.34
+38%
837.18
+102%
338.52
-60%
-741.71
N/A
-547.49
+26%
-1 343.57
-145%
-1 494.73
-11%
-669.95
+55%
-503.67
+25%
-923.8
-83%
-1 489.36
-61%
-1 063.15
+29%
-926.73
+13%
-589.97
+36%
-308.43
+48%
-477.45
-55%
-91.21
+81%
2.68
N/A
0.44
-84%
0.89
+102%
0.01
-99%
0.33
+3 200%
2.47
+648%
1.54
-38%
1.96
+27%
1.55
-21%
1.53
-1%
1.2
-22%
1.55
+29%
1.74
+12%
2.36
+36%

See Also

Summary
NAS intrinsic value, competitors valuation, and company profile.
DCF Valuation
NAS stock valuation using Discount Cash Flow valuation method.
Relative Valuation
NAS stock valuation using valuation multiples.
Wall Street Estimates
NAS price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
NAS stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 317,100+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.