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Norwegian Air Shuttle ASA (NWC.OL)

NWC.OL on Oslo Stock Exchange

163.60NOK
17 Jan 2019
Change (% chg)

kr-2.75 (-1.65%)
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440,039
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407,537
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Latest Key Developments (Source: Significant Developments)

Avtech Announces Signed Agreement With Norwegian Air Shuttle
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Avtech Sweden Ab (Publ) ::AVTECH ANNOUNCES A SIGNED AGREEMENT WITH NORWEGIAN AIR SHUTTLE.THIS INITIAL AGREEMENT COVERS AVENTUS WIND UPLINK SERVICE WITH AN ANNUAL VALUE EXCEEDING 1 MILLION SEK..IT IS OUR INTENSION TO EXPAND THIS COOPERATION TO INCLUDE OUR NEWLY DEVELOPED PRODUCTS, BEGINNING IN EARLY 2019.AGREEMENT IS VALID FROM NOV 01, 2018 AND RUNS FOR LEAST THREE YEARS.  Full Article

Norwegian Air subsidiary delivers first Airbus to Chinese Qingdao Airlines
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Norwegian Air Shuttle ASA ::ARCTIC AVIATION ASSETS, A SUBSIDIARY OF NORWEGIAN AIR SHUTTLE ASA, HAS TODAY COMPLETED DELIVERY OF FIRST OF TWO AIRBUS A320NEO AIRCRAFT ON LONG TERM OPERATING LEASE TO CHINESE QINGDAO AIRLINES.  Full Article

Norwegian Air's Nov passenger growth, load factor lag forecasts
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Norwegian Air Shuttle ASA ::TRAFFIC FIGURES FOR NOVEMBER 2018.NORWEGIAN AIR NOV RPK UP 26 PERCENT YEAR/YEAR (REUTERS POLL +33.7 PERCENT).NORWEGIAN AIR NOV ASK UP 34 PERCENT YEAR/YEAR (REUTERS POLL +35.3 PERCENT).NORWEGIAN AIR NOV LOAD FACTOR 78.8 PERCENT (REUTERS POLL 82.7 PERCENT).NORWEGIAN AIR NOV YIELD NOK 0.33 (REUTERS POLL NOK 0.32).NORWEGIAN AIR: SEVERAL OF OUR SUMMER ROUTES WERE EXTENDED INTO NOVEMBER, WHICH HAS AFFECTED THE LOAD FACTOR. A FULL TRANSITION INTO THE WINTER PROGRAM WILL TAKE PLACE EARLY NEXT YEAR, ONCE THE BUSY HOLIDAY SEASON IS BEHIND US.NORWEGIAN AIR: TRAFFIC FIGURES THIS MONTH ARE INFLUENCED BY THE TRANSITION FROM SUMMER TO WINTER OPERATIONS, AS WELL AT THE LAUNCH OF SEVERAL NEW ROUTES AND INCREASED AIRCRAFT UTILIZATION, COMPARED TO THE SAME MONTH PREVIOUS YEAR.NORWEGIAN AIR: CARRIED ALMOST 2.9 MILLION PASSENGERS IN NOVEMBER, AN INCREASE OF 14 PERCENT COMPARED TO THE SAME MONTH PREVIOUS YEAR.  Full Article

Norwegian Air sells 5 Airbus 320neo aircraft
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Norwegian Air Shuttle ASA ::ARCTIC AVIATION ASSETS, A SUBSIDIARY OF NORWEGIAN AIR SHUTTLE ASA ("COMPANY"), HAS SIGNED AN AGREEMENT FOR SALE OF FIVE AIRBUS 320NEO AIRCRAFT.TRANSACTION IS EXPECTED TO INCREASE COMPANY'S LIQUIDITY BY USD 62 MILLION AFTER REPAYMENT OF DEBT AND HAVE A POSITIVE EQUITY EFFECT.SALE PROCEEDS WILL BE USED TO REPAY DEBT AND TO INCREASE COMPANY'S LIQUIDITY.AIRCRAFT ARE CURRENTLY LEASED OUT AND THUS NOT OPERATED BY COMPANY.  Full Article

Lufthansa CEO Says Has No Plans To Sell Lufthansa Technik
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Lufthansa ::CEO SAYS THERE IS NO DEADLINE FOR A REVIEW OF OUR OWNERSHIP OF LSG, BUT LSG IS DEVELOPING POSITIVELY RIGHT NOW.CEO SAYS THERE ARE NO PLANS TO SELL LUFTHANSA TECHNIK.CFO SAYS CAPACITY TO GROW BY 5 PERCENT IN FY.CEO SAYS WHEN ASKED ABOUT NORWEGIAN <<>> IS IN CONTACT WITH ALL PARTIES REGARDING CONSOLIDATION, WANT TO PLAY AN ACTIVE ROLE.CEO SAYS BREXIT OFFERS OPPORTUNITIES TO SHIFT TRANSFER TRAFFIC TO EU HUBS FROM LONDON.  Full Article

Norwegian Air Closing In On Deal That Would Provide Potential $1 Bln Infusion Of Cash To It - Bloomberg
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - :NORWEGIAN AIR CLOSING IN ON DEAL THAT WOULD PROVIDE POTENTIAL $1 BILLION INFUSION OF CASH TO HELP IT NAVIGATE INCREASING FUEL PRICES AND SLOW WINTER PERIOD - BLOOMBERG, CITING SOURCES.NORWEGIAN AIR DEAL TALKS ARE WITH UNIDENTIFIED CHINESE LEASING FIRM, OTHER INTERESTED PARTIES- BLOOMBERG, CITING SOURCE.  Full Article

Norwegian Air Said It'S In “Advanced” Talks For A Fleet JV With A Partner That Has Significant Capacity To Invest Capital - Bloomberg
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - :NORWEGIAN AIR SAID IT’S IN “ADVANCED” TALKS FOR A FLEET JOINT VENTURE WITH A PARTNER THAT HAS SIGNIFICANT CAPACITY TO INVEST CAPITAL - BLOOMBERG.  Full Article

Norwegian Air declines to comment on potential payment for joint venture deal
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Norwegian Air Shuttle ASA ::NORWEGIAN AIR DECLINES TO COMMENT ON REPORT IT MAY RECEIVE NOK 8 BILLION PAYMENT FOR POTENTIAL AIRCRAFT FLEET JOINT VENTURE.  Full Article

Norwegian Air says booked volumes indicate positive yield, but winter may affect load
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Norwegian Air Shuttle ASA ::NORWEGIAN AIR SAYS CURRENT BOOKED VOLUMES INDICATE A SLIGHT POSITIVE YIELD TREND, BUT LOAD MAY BE AFFECTED DURING WINTER SEASON.NORWEGIAN AIR SAYS EXPECTS TOUGH COMPETITION AND HIGH OIL PRICES.  Full Article

Norwegian Air Q3 pretax lags forecast, fuel cost seen rising further
Thursday, 25 Oct 2018 

Company corrects 2018 ASK growth forecast to 38 pct from 40 pct:NORWEGIAN AIR Q3 PRETAX RESULT NOK 1.6 BILLION (REUTERS POLL NOK 1.74 BILLION).NORWEGIAN AIR SEES 2018 PRODUCTION GROWTH (ASK) OF 38 PERCENT (PREVIOUS GUIDANCE +40 PERCENT).NORWEGIAN AIR Q3 REVENUE NOK 13.4 BILLION (REUTERS POLL NOK 13.51 BILLION).NORWEGIAN AIR TARGETS 2018 UNIT COST (CASK) OF NOK 0.290-0.295 EX FUEL AND DEPRECIATION (PREVIOUS GUIDANCE NOK 0.290-0.295).NORWEGIAN AIR Q3 NET RESULT NOK 1.3 BILLION (REUTERS POLL NOK 1.33 BILLION).NORWEGIAN AIR TARGETS 2018 UNIT COST (CASK) OF NOK 0.435 TO 0.440 (PREVIOUS GUIDANCE NOK 0.425-0.430).THIS IS DUE TO HIGHER FUEL COSTS.GUIDES FOR A PRODUCTION GROWTH (ASK) OF 15 – 20 % FOR 2019.NORWEGIAN AIR SEES 2018 CAPEX AT $1.75 BILLION VERSUS $1.75 BILLION SEEN BEFORE.NORWEGIAN AIR SEES 2019 CAPEX AT $2.2 BILLION VERSUS $2.2 BILLION SEEN BEFORE.  Full Article

UPDATE 1-Norwegian Air to shut some bases and axe routes to cut costs

OSLO, Jan 16 Budget carrier Norwegian Air will axe a number of routes in Europe and to the U.S and the Middle East, shutting several bases as part of a cost-cutting plan announced last month.