Davy Morning Equity Briefing

Jul 12, 2024

Norwegian Air

Outlook remains challenging but capacity slowing next year

In line with the revised guide of July 4th, Norwegian is forecasting a group operating profit (EBIT) for 2024 of NOK2.1-2.6bn including Widerøe (Davy/consensus: NOK2.3bn). The latter acquisition significantly strengthens Norwegian’s market position.