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Norwegian Air Shuttle ASA (NWC.OL)

NWC.OL on Oslo Stock Exchange

219.60NOK
19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

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

Norwegian Air better prepared to handle 2018 peak season -CEO
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Norwegian Air Shuttle Asa Chief Executive Bjoern Kjos told reporters on Thursday::NORWEGIAN AIR FLEW 33 MILLION PASSENGERS IN 2017.NORWEGIAN AIR IS BETTER PREPARED FOR 2018 THAN 2017, WILL NOT NEED TO RENT PLANES TO HANDLE PEAK SEASON.  Full Article

Norwegian Air appoints Geir Karlsen as new CFO
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Norwegian Air Shuttle Asa ::‍GEIR KARLSEN (52) IS NORWEGIAN'S NEW CFO. KARLSEN COMES FROM POSITION AS GROUP CFO AT LONDON-BASED SHIPPING COMPANY NAVIG8 GROUP​.KARLSEN HAS OVER LAST 12 YEARS HELD VARIOUS CFO POSITIONS WITH INTERNATIONAL COMPANIES SUCH AS GOLDEN OCEAN GROUP AND SONGA OFFSHORE​.NORWEGIAN AIR: ‍VERY PLEASED THAT GEIR KARLSEN WILL BE A PART OF OUR TEAM. A MAJOR PART OF HIS PROFESSIONAL EXPERIENCE CLEARLY RESEMBLES AIRLINE INDUSTRY, WHERE LEASE AGREEMENTS AND FINANCING OF MAJOR TRANSACTIONS ARE KEY TO SUCCEED.‍TORE ØSTBY, WHO HAS ACTED AS CFO SINCE JULY 2017, CONTINUES IN GROUP MANAGEMENT IN A NEW POSITION AS EXECUTIVE VICE PRESIDENT STRATEGIC DEVELOPMENT​.‍APPOINTMENT OF KURT SIMONSEN (59) AS NEW CIO​‍​.  Full Article

Net Trading Group Starts Cooperation With Norwegian Air Shuttle ‍​
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Net Trading Group Ntg Ab (Publ) ::STARTS COOPERATION WITH NORWEGIAN AIR SHUTTLE ‍​.  Full Article

Successful placement of new secured bond
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Norwegian Air Shuttle Asa :Successful placement of new secured bond.successfully completed a new secured bond issue of NOK 250 million with three year tenor at 3 month NIBOR + 3.95%. The settlement date for the bond is expected to be 21 November 2017.Arctic Securities acted as sole manager in connection with the new bond issue.  Full Article

Norwegian Air agrees 3-year labour deal with pilots
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Norwegian Air Shuttle Asa :Agreed on new three-year collective labour agreement for Scandinavia.‍Norwegian Pilot Services and Norwegian Pilot Union in Scandinavia have agreed on a new three-year collective labour agreement​.‍agreement will provide Norwegian group with predictability and stability during period​.‍for pilots, agreement will provide competitive terms and conditions and good career opportunities​.‍agreement with Norwegian, Swedish and Danish pilots means that pilots will get a new collective labour agreement with competitive terms and conditions​.‍member associations will now be involved in composing details and signing agreement. Final agreement will be a referendum to members of NPU​.  Full Article

Norwegian Finans Holding aims to pay first dividend during Q2 2018
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Norwegian Finans Holding Asa :CFO told company's earnings presenation on Tuesday: Company aims to make first dividend payment in q2 2018 based on q1 2018 earnings.  Full Article

Norwegian Air CEO says to finalise long-haul ramp-up by Q3 2018‍​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Norwegian Air Shuttle Asa :CEO says by q3 2018 we will more or less finalise long-haul ramp-up and stabilise operation‍​.Says has strong liquidity, fully financed for 2017 and q1 2018.2018 unit cost estimate of NOK 0.38-0.39 ex. depreciation and 0.40-0.41 incl. depreciation, vs 2017 forecast ex. depreciation of 0.42.  Full Article

Norwegian Air Q3 earnings miss forecast, sees 35 pct production growth in 2018
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Norwegian Air Shuttle Asa :q3 net result nok ‍1​ billion (Reuters poll nok 1.45 billion).q3 revenue nok ‍1​0,074 million (Reuters poll nok 10.13 billion).q3 pretax result nok ‍1,351​ million (Reuters poll nok 2.0 billion).q3 ebitdar nok ‍​3,180 million (Reuters poll nok 3.63 billion).q3 adjusted ebitdar nok ‍​2,694 million (Reuters poll nok 2.92 billion).keeps 2017 outlook for 25 percent production growth and unit costs of nok 0.42.Norwegian guides for a production growth (ask) of 35 % for 2018‍​.Says demand and advance bookings satisfactory‍​ entering q4 2017.  Full Article

Avtech initiates new cooperation with Norwegian Air Shuttle
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - AVTECH SWEDEN AB (PUBL) ::AVTECH ANNOUNCES A NEW COOPERATION WITH NORWEGIAN AIR SHUTTLE.‍ANNOUNCED COOPERATION WILL ONLY HAVE A MARGINAL FINANCIAL EFFECT ON AVTECH DURING 2017​.‍JOINT PROJECT IS PLANNED TO LAST BETWEEN OCTOBER 2017 AND FEBRUARY 2018​.  Full Article

Norwegian Air turns up heat on IAG with Gatwick slots deal

LONDON, Dec 13 Norwegian Air Shuttle on Wednesday said it had bought extra slots at London's Gatwick Airport to expand its UK operations, upping capacity at the airport where it competes with British Airways owner IAG .