Norwegian Air Shuttle Stock Forum

$NAS (+0%)

Dark clouds on the horizon

Norwegian Air misses Q3 profit expectations and lowers upper end of 2024 guidance range

Norwegian Air has lowered the upper end of its profit guidance for 2024 after reporting a lower-than-market-expected core profit for the third quarter on Friday. The company also said its capacity growth will slow in 2025 due to delays in Boeing aircraft deliveries.

The low-cost airline reported an operating profit of 2.13 billion Norwegian kroner (194.74 million dollars), below the company's forecast of 2.33 billion kroner. In the same period last year, the profit amounted to 2.17 billion kroner, a decrease of two percent.

The low-cost carrier announced that it expects its capacity growth to slow down in 2025, compared to the 13 percent forecast for 2024.

The company reduced its operating profit forecast for 2024 to a range of 2.1 to 2.4 billion kroner, including Wideroe.

In July, the Group lowered its annual forecast and stated that it expects an operating profit of between 2.1 and 2.6 billion kroner this year.

Longer delays in aircraft deliveries $BA (+1.21%) Boeing (BA.N) , which were exacerbated by the month-long strike by around 33,000 employees, and by $AIR (-1.42%) Airbus (AIR.PA) forced the airlines to lease aircraft externally to cover their capacity needs, driving up short-term costs.

Norwegian Air, on the other hand, said it had increased capacity in the third quarter and improved load factors at both the airline and its recently integrated acquisition Wideroe, a domestic competitor that operates smaller aircraft and serves only regional airports.

"Going forward, we will continue to work to streamline operations and identify additional synergies with Wideroe," CEO Geir Karlsen said in a statement.

He also said that the booking momentum for the seasonally weak fourth quarter was "encouraging across the group, both for leisure and business travel".

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Norwegian Air Shuttle presented September figures

Winter program 2024-2025 / 170 routes to 76 destinations on

1.

Norwegian Air Shuttle welcomed a total of 2.030 million passengers on board its aircraft in September 2024, an increase of eleven percent compared to September last year.

Supply was increased by ten percent from 3.208 billion seat-kilometers to 3.541 billion seat-kilometers, while demand improved by twelve percent from 2.696 billion seat-kilometers to 3.017 billion seat-kilometers. The seat load factor reached 85.2% in September, 1.2 percentage points better than in September last year.

Calculated on a rolling basis over the last twelve months, the low-cost carrier from Norway welcomed 22.153 million passengers on board its aircraft; in the previous year, this benchmark was eight percent lower at 20.475 million passengers.

2.

Announcements from the company today.

Norwegian will launch almost 30 new routes from the Nordic countries this fall, including to Hurghada, Agadir, Marrakesh and Dubai.

Agadir and Hurghada will depart from Oslo, direct flights to Dubai, Agadir and Hurghada will depart from Stockholm Arlanda and Hurghada, Marrakesh and Tenerife will depart from Gothenburg Landvetter. From Copenhagen, there will be premiere flights to Dubai, Cairo, Hurghada, Agadir and Lanzarote, while there will be direct flights from Helsinki Vantaa to Agadir, Hurghada and Marrakesh, according to the press release.

Norwegian is also launching several routes within the Nordic countries and Europe, including the first flights from Tromsø to Stockholm, Manchester and Brussels.

Sources:

finanzvisen.no

fliegerweb.com

$NAS (+0%) First bagged an 11% plus. Let's see what else is possible. Buy at the next setback.

Norwegian Air Shuttle $NAS (+0%)
welcomed a total of 2.369 million passengers on board its aircraft in August 2024, an increase of ten percent compared to the same month last year.

Supply was increased by eleven percent from 3.527 billion seat kilometers to 3.899 billion seat kilometers, while demand improved by eleven percent from 3.008 billion seat kilometers to 3.341 billion seat kilometers. The load factor reached 85.7% in August, a slight increase of 0.4 percentage points compared to the same month last year.

Calculated on a rolling basis over the last twelve months, the low-cost carrier from Norway welcomed 21.908 million passengers on board its aircraft; in the previous year, this benchmark was eight percent lower at 20.319 million passengers.

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Member data for July

The company welcomed a total of 2.526 million passengers on board its aircraft in July 2024, an increase of 9% compared to July last year.

Supply increased by 10% from 3.712 billion seat-kilometers to 4.068 billion seat-kilometers, while demand improved by 10% from 3.429 billion seat-kilometers to 3.763 billion seat-kilometers The seat load factor reached 92.5% in July, a slight increase of 0.1 percentage points compared to July last year.

Calculated on a rolling basis over the last twelve months, the low-cost carrier from Norway welcomed 21.684 million passengers on board its aircraft; in the previous year, this benchmark was seven percent lower at 20.176 million passengers.

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$NAS (+0%)

Figures for 2023:

• Highest profit in the company's history (NOK 2,232 million)
• Increase in liquidity to NOK 9.5 billion
• Operating margin 9% for 2023 (record for the company)
• Growing passenger numbers compared to 2022
• Punctuality has fallen by 0.8%, but can be explained by the winter conditions
• Takeover of airline Widerøe successfully completed in January
• NOK 0.60 dividend per share announced
• Good outlook for 2024 (forecast operating profit of NOK 3.2 billion)

This briefly summarized from today's press release

$NAS (+0%) Anyone have an opinion?