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Apr 25 2024, 07:10 IST/BST
Norwegian Air
Making progress
- Sectors : Airlines
- Companies : Norwegian Air
DAVY VIEW
Norwegian delivered significant losses for the usual Q1, with EBIT excluding other losses/(gains) of NOK637m (consensus -NOK528m, -NOK886m last year), impacted by negative FX revaluation effects. However, full year guidance has been maintained (EBIT NOK2.5-3.2bn) with summer season (May-August) capacity up 15% and currently forecasting low-single-digit yield growth, the acquisition of domestic business Widerøe and the opening of new bases at Riga and Palma de Mallorca.
