Norwegian Air Shuttle (Buy, TP: NOK15.00) - Fit for summer
Having managed to protect its cash position in a challenging market this winter, we believe Norwegian Air Shuttle is in pole position to exploit a highly attractive market in the 2022 summer season, with ticket prices significantly above 2019 levels. We reiterate our BUY and NOK15 target price.Norwegian Air Shuttle is a low cost passenger travel airline. Co. operates both scheduled services and additional charter services. Co. has aircraft bases in Norway, Sweden, Denmark, Finland, Spain and the U.K.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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