Company Profile For Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA (NWC.OL) (Oslo Stock Exchange)

sector: Industrials · industry: Airlines ·

As of 26 Nov 2009

130.50NOK

Price Change

-4.50

Percent Change

-3.33%

Analyst Recommendations

Overview

Norwegian Air Shuttle ASA is a Norway-based company active in the low-cost airline industry. The Company is engaged in the provision of low-fare, point-to-point airline transportation services for passengers throughout Europe. As of December 31, 2008, the Company operated 40 aircrafts. It serves a total of 170 routes to 87 destinations in addition to seven charter destinations. It is the parent company of the Norwegian Group, and its subsidiaries are NAS Asset Management Norway AS, Call Norwegian AS and Norwegian Finans Holding ASA in Norway; Norwegian Air Shuttle Polska Sp. z o.o. in Poland, Norwegian Air Shuttle Sweden AB in Sweden and NAS Asset Management in Ireland.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Norwegian AirShuttle ASA's revenue increased 21% to NOK5.56B. Net profit for the period increased from NOK141.5M to NOK445.6M. Revenue reflects a significant increase in revenues from Passenger revenues, as well as a major increase in ancillary passenger revenue. Net profit for the period benefited from the presence of profit from associated company.