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Norwegian Air Shuttle ASA (NWC.OL)

NWC.OL on Oslo Stock Exchange

190.00NOK
18 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Norwegian Air's August yield beats forecast
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Norwegian Air Shuttle ASA ::TRAFFIC FIGURES FOR AUGUST 2018.AUGUST RPK UP 31 PERCENT YEAR/YEAR (REUTERS POLL +33.5 PERCENT).AUGUST ASK UP 33 PERCENT YEAR/YEAR (REUTERS POLL +35.2 PERCENT).AUGUST LOAD FACTOR 89.6 PERCENT (REUTERS POLL 89.9 PERCENT).AUGUST YIELD NOK 0.45 (REUTERS POLL NOK 0.44).REITERATES CAPACITY GROWTH WILL SLOW DOWN COMPARED TO PREVIOUS MONTHS.  Full Article

BRIEF-Norwegian Air swings to net profit in Q2, high above expectations
Thursday, 12 Jul 2018 

Repeats to attach article to alerts, no changes in text:NORWEGIAN AIR Q2 NET RESULT NOK 300.3 MILLION (REUTERS POLL NOK -535 MILLION).NORWEGIAN AIR Q2 EBITDAR NOK 1618 MILLION (REUTERS POLL NOK 916 MILLION).NORWEGIAN AIR Q2 REVENUE NOK 10.2 BILLION (REUTERS POLL NOK 10.5 BILLION).GOING FORWARD, THE GROWTH WILL SLOW DOWN AND RAMP-UP COSTS WILL DECREASE, IN LINE WITH NORWEGIAN'S STRATEGY.THE DEMAND FOR TRAVELLING WITH NORWEGIAN AND ADVANCE BOOKINGS HAVE BEEN SATISFACTORY ENTERING THE THIRD QUARTER OF 2018.WE DO HOWEVER EXPECT SOME REDUCTION IN LATE-MINUTE THIRD QUARTER BOOKINGS FOLLOWING THE WARM SUMMER WEATHER EXPERIENCED IN THE NORDIC REGION.NORWEGIAN AIR SEES 2018 PRODUCTION GROWTH (ASK) OF 40 PERCENT (PREVIOUS GUIDANCE +40 PERCENT).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 TARGETS 2018 UNIT COST (CASK) OF NOK 0.425-0.430 (PREVIOUS GUIDANCE NOK 0.415-0.42).NORWEGIAN AIR SEES 2018 CAPEX AT $1.75 BILLION VERSUS $1.9 BILLION SEEN BEFORE.NORWEGIAN AIR SEES 2019 CAPEX AT $2.2 BILLION VERSUS $2.6 BILLION SEEN BEFORE.  Full Article

Norwegian Air swings to net profit in Q2, high above expectations
Thursday, 12 Jul 2018 

July 12 (Reuters) - Norwegian Air Shuttle ASA ::NORWEGIAN AIR Q2 NET RESULT NOK 300.3 MILLION (REUTERS POLL NOK -535 MILLION).NORWEGIAN AIR Q2 EBITDAR NOK 1618 MILLION (REUTERS POLL NOK 916 MILLION).NORWEGIAN AIR Q2 REVENUE NOK 10.2 BILLION (REUTERS POLL NOK 10.5 BILLION).GOING FORWARD, THE GROWTH WILL SLOW DOWN AND RAMP-UP COSTS WILL DECREASE, IN LINE WITH NORWEGIAN'S STRATEGY.THE DEMAND FOR TRAVELLING WITH NORWEGIAN AND ADVANCE BOOKINGS HAVE BEEN SATISFACTORY ENTERING THE THIRD QUARTER OF 2018.WE DO HOWEVER EXPECT SOME REDUCTION IN LATE-MINUTE THIRD QUARTER BOOKINGS FOLLOWING THE WARM SUMMER WEATHER EXPERIENCED IN THE NORDIC REGION.NORWEGIAN AIR SEES 2018 PRODUCTION GROWTH (ASK) OF 40 PERCENT (PREVIOUS GUIDANCE +40 PERCENT).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 TARGETS 2018 UNIT COST (CASK) OF NOK 0.425-0.430 (PREVIOUS GUIDANCE NOK 0.415-0.42).NORWEGIAN AIR SEES 2018 CAPEX AT $1.75 BILLION VERSUS $1.9 BILLION SEEN BEFORE.NORWEGIAN AIR SEES 2019 CAPEX AT $2.2 BILLION VERSUS $2.6 BILLION SEEN BEFORE.  Full Article

Norwegian Air says all shares were sold in secondary offering
Tuesday, 26 Jun 2018 

June 26 (Reuters) - Norwegian Air Shuttle ASA ::HAS RECEIVED SUBSCRIPTIONS FOR 18,376,664 OFFER SHARES FROM ELIGIBLE SHAREHOLDERS IN SUBSEQUENT OFFERING, MEANING THAT ALL 1,290,323 OFFER SHARES HAVE BEEN SUBSCRIBED FOR.GROSS PROCEEDS FROM SUBSEQUENT OFFERING WILL BE NOK 200,000,065.  Full Article

Norwegian Air CEO confirms Lufthansa has shown interest - NRK
Monday, 18 Jun 2018 

June 18 (Reuters) - Norwegian Air Shuttle ASA ::NORWEGIAN CHIEF EXECUTIVE BJOERN KJOS CONFIRMS TO NORWEGIAN PUBLIC BROADCASTER NRK THAT LUFTHANSA HAS SHOWN INTEREST IN THE COMPANY, DECLINING TO COMMENT ON THE CONTACTS.LUFTHANSA CEO CARSTEN SPOHR TOLD GERMANY'S SUEDDEUTSCHE ZEITUNG THE COMPANY WAS IN CONTACT WITH NORWEGIAN AIR SHUTTLE, WHICH IS ALSO THE SUBJECT OF BID INTEREST FROM BRITISH AIRWAYS OWNER IAG L8N1TK10K.SHARES IN NORWEGIAN AIR <<>> JUMPED 10 PERCENT ON MONDAY FOLLOWING THE COMMENTS BY LUFTHANSA BOSS .  Full Article

Norwegian Air: FSA reviews accounting treatment of NOFI
Monday, 23 Apr 2018 

April 23 (Reuters) - Norwegian Air Shuttle ASA ::REVIEW OF FINANCIAL REPORTING - NORWEGIAN AIR SHUTTLE ASA.PRIMARY FOCUS OF REVIEW HAS BEEN ACCOUNTING TREATMENT OF INVESTMENT IN NORWEGIAN FINANS HOLDING (NOFI).FINANSTILSYNET (FSA) IS OF THE OPINION THAT NORWEGIAN AS OF 30 JUNE 2017 AND 31 DECEMBER 2017 STILL HAD SIGNIFICANT INFLUENCE OVER NOFI, AND THAT THE INVESTMENT SHOULD THEREFORE HAVE BEEN ACCOUNTED FOR USING THE EQUITY METHOD IN ACCORDANCE WITH IAS 28.NORWEGIAN HAS TAKEN NOTE OF THIS AND RECORDED THE INVESTMENT USING THE EQUITY METHOD IN THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017.NORWEGIAN WILL ALSO MAKE NECESSARY CORRECTIONS OF COMPARATIVE FIGURES FOR PREVIOUS ACCOUNTING PERIODS IN THE INTERIM FINANCIAL STATEMENTS FOR 2018.THE REVIEW ALSO IDENTIFIED INSUFFICIENT NOTE DISCLOSURES REGARDING CONTRACTUAL COMMITMENTS, REVENUES FROM DIFFERENT GEOGRAPHIC AREAS AND MISSING INFORMATION RELATED TO THE ALTERNATIVE PERFORMANCE MEASURES USED.THIS HAS BEEN IMPROVED IN THE ANNUAL REPORT FOR 2017.  Full Article

Norwegian Air says had no prior knowledge of IAG's interest
Thursday, 12 Apr 2018 

April 12 (Reuters) - Norwegian Air Shuttle ASA ::COMMENT TO IAG'S<<>> ACQUISITION OF NORWEGIAN SHARES.NORWEGIAN HAD NO PRIOR KNOWLEDGE OF THIS ACQUISITION BEFORE IT WAS REPORTED BY MEDIA MID-MORNING THURSDAY.NORWEGIAN HAS NOT BEEN IN ANY DISCUSSIONS OR DIALOGUE WITH IAG ABOUT MATTER.NORWEGIAN BELIEVES THAT IAG'S INTEREST IN COMPANY CONFIRMS SUSTAINABILITY AND POTENTIAL OF OUR BUSINESS MODEL AND GLOBAL GROWTH.COMPANY HAS NO FURTHER COMMENTS AT THIS STAGE.HAS JUST BEEN MADE AWARE THAT INTERNATIONAL AIRLINE GROUP (IAG) HAS ACQUIRED OF 4.6 PERCENT OF SHARES.  Full Article

Norwegian Air says "positive" IAG finds it attractive
Thursday, 12 Apr 2018 

April 12 (Reuters) - Norwegian Air Shuttle ASA ::NORWEGIAN AIR SPOKESWOMAN, COMMENTING ON IAG'S INTEREST SAYS "POSITIVE THEY FIND NORWEGIAN ATTRACTIVE"; SAYS CAN'T COMMENT BEYOND THAT.  Full Article

British Airways' Owner IAG considers bid for Norwegian Air, takes minority stake
Thursday, 12 Apr 2018 

April 12 (Reuters) - Intl Con Airline Grp ::STATEMENT RE PRESS COMMENT.NOTES RECENT PRESS SPECULATION THAT IT IS CONSIDERING MAKING AN OFFER FOR NORWEGIAN AIR SHUTTLE ASA.CONSIDERS NORWEGIAN TO BE AN ATTRACTIVE INVESTMENT AND HAS ACQUIRED A 4.61 PER CENT OWNERSHIP POSITION IN AIRLINE.CONFIRMS THAT NO SUCH DISCUSSIONS HAVE TAKEN PLACE TO DATE.IT HAS TAKEN NO DECISION TO MAKE AN OFFER AT THIS TIME AND THAT THERE IS NO CERTAINTY THAT ANY SUCH DECISION WILL BE MADE.MINORITY INVESTMENT IS INTENDED TO ESTABLISH POSITION TO INITIATE DISCUSSIONS WITH NORWEGIAN, INCLUDING POSSIBILITY OF A FULL OFFER FOR NORWEGIAN.  Full Article

Norwegian Air lifts 2018 RPK traffic growth to 40 pct, raises fuel cost estimate
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Norwegian Air Shuttle Asa ::CHANGES IN ESTIMATED PRODUCTION AND UNIT COST FOR 2018.BASED ON AN UPDATED ROUTE PROGRAM, PRODUCTION GROWTH (ASK) FOR 2018 IS ESTIMATED TO 40 PERCENT VERSUS EARLIER ESTIMATE 35 PERCENT​.‍INCREASED PRODUCTION COMES AS A RESULT OF HIGHER UTILIZATION OF NARROW BODY FLEET​.‍INCREASED PRODUCTION, IN ADDITION TO AN UPDATED FUEL PRICE ASSUMPTION, HAS ALSO LED TO A NEW AND NARROWED CASK ESTIMATE FOR 2018​.‍UNIT COST EX FUEL IS REDUCED DUE TO IMPROVED UTILIZATION​.‍UPDATED FUEL PRICE ESTIMATE FOR FULL YEAR 2018 IS INCREASED TO USD 575 PER METRIC TON (FROM USD 525)​.‍CURRENCY ASSUMPTIONS ARE UNCHANGED​.‍NEW UNIT COST ESTIMATE IS NOK 0.39 - 0.395 EXCLUDING DEPRECIATION (NOK 0.405 - 0.41 INCLUDING DEPRECIATION​.‍PREVIOUS UNIT COST ESTIMATE WAS IN RANGE OF NOK 0.38 - 0.39 (INCLUDING DEPRECIATION IN RANGE OF NOK 0.40 - 0.41)​.  Full Article

UPDATE 2-EU pilot group demands Ryanair reverse 'aggressive' base closures

* Ryanair says high oil price forced closures (Add Ryanair says closures were response to oil price not punishment)