Norwegian Air Shuttle (Hold, TP: NOK275.00) - The strong yield trend continues
We consider this a positive report for Norwegian Air Shuttle, with a better than expected yield and RPK in line versus our forecasts. We expect consensus 2018e EBITDA to move closer to breakeven. We find it very positive that the strong yield trend in July continued in August, as this could be an early signal that the higher fuel prices are offset in ticket prices. We believe a positive share price reaction in the range of 5% is warranted.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.