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Norwegian Air Shuttle ASA
OSE:NAS

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Norwegian Air Shuttle ASA
OSE:NAS
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Price: 16.505 NOK -5.36%
Market Cap: 17.4B NOK

Norwegian Air Shuttle ASA
Investor Relations

Norwegian Air Shuttle ASA engages in the provision of aviation, other transport, and travel-related activities. The company is headquartered in Lysaker, Akershus. The company went IPO on 2003-12-18. The firm operates scheduled services with additional charter services. Its route portfolio stretches across Europe into North Africa and the Middle East, as well as long-haul routes to the United States and Southeast Asia. The firm has around 450 routes to more than 140 destinations on sale. The firm has approximately 260 undelivered aircraft on firm order. Its fleet combines various types of aircraft, including B788, A32Oneo, B737 Max 8, B738 and B738 S&LB, among others. The company is the parent company of the Norwegian Group and operates through subsidiaries, including Norwegian Air Shuttle Sweden AB, Call Norwegian AS, Arctic Aviation Assets Ltd and Norwegian Air UK Ltd, among others.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 22, 2025
AI Summary
Q3 2025

Record Profitability: Norwegian delivered record high EBIT of NOK 3.071 billion and EBT of NOK 2.891 billion, with wider margins compared to last year.

Revenue Growth: Group revenue grew 6% to NOK 12.3 billion, driven by a 2% capacity increase and 4% rise in unit revenue.

Cost Efficiency: Unit cost excluding fuel fell by 6% year-on-year, reflecting effective cost control and benefits from Program X.

Fleet Expansion: Norwegian exercised options for 30 Boeing 737 MAX-8s, making a firm order of 80 aircraft for delivery by 2031; 14 aircraft were purchased this year, increasing the owned fleet to 17.

Dividend Initiation: The company paid its first-ever dividend of NOK 0.9 per share and aims to continue dividends going forward.

Positive Outlook: Winter season bookings are ahead of last year on both load and yield, and capacity will be reduced by 5% to optimize performance in the low season.

Operational Excellence: Both Norwegian and Widerøe continued to achieve high on-time performance and customer satisfaction scores.

Key Financials
Revenue
NOK 12.3 billion
EBIT
NOK 3.071 billion
EBT
NOK 2.891 billion
Net Profit
NOK 2.549 billion
Operating Margin
25.1%
Unit Cost (excluding fuel)
NOK 0.42
Passenger Numbers
7.6 million
Widerøe EBIT
NOK 274 million
Liquidity
NOK 10.5 billion
Dividend per Share
NOK 0.9
Equity Ratio
18.3%
On-Time Performance (Widerøe)
91.8%
Regularity (Widerøe)
98.2%
On-Time Performance (Norwegian)
77.8%
Regularity (Norwegian)
99.3%
Widerøe Passenger Numbers
1.125 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Geir Magne Karlsen
Chief Executive Officer
No Bio Available
Mr. Hans-Joergen Wibstad
Chief Financial Officer
No Bio Available
Mr. Henrik Fjeld
Chief Operation Officer
No Bio Available
Ms. Anne-Sissel Skanvik
Chief Communications & Public Affairs Officer
No Bio Available
Ms. Guro H. Poulsen
Chief People Officer
No Bio Available
Mr. Knut Olav Irgens Melhus Hoeg
Chief IT & Business Services Officer
No Bio Available
Mr. Magnus Thome Maursund
Chief Commercial Officer
No Bio Available
Mr. Tore Kristian Jenssen
Chief Executive Officer of Widerøe
No Bio Available
Mr. Jesper M. Hatletveit
Vice President of Investor Relations
No Bio Available
Anders Fagernæs
Norwegian Head of Environmental Sustainability
No Bio Available

Contacts

Address
AKERSHUS
Lysaker
Oksenoyveien 3, Postboks 115
Contacts