Norwegian Air Shuttle (Sell, TP: NOK170.00) -
Traffic statistics preview Norwegian Air Shuttle is set to report its January traffic figures at 08.00 CET on 6 February. Although our long-term yield model and forecast implies that we are set for a period of continued yield pressure, our ticket price survey gives limited near-term support, with January yield indicated up 4.8% MOM. We reiterate our long-term cautious stance, but find the near-term risk/reward slightly positive ahead of the statistics.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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