Norwegian Air Shuttle (Hold, TP: NOK275.00) - Q2e likely hit by fuel
The Q2 results are due on 12 July at 07:00 CET. We expect a weak set of results, hit by high fuel costs. Nevertheless, we have slightly raised our estimates to reflect the better than expected yield trend in the May traffic stats. We reiterate our HOLD recommendation and have increased our target price to NOK 275 (255), representing a slight premium to our updated SOTP.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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.