All eyes on costs

Dec revenues 1% below

Group sales -1% us on weaker yield for NAS. Booking momentum "remains encouraging"

Nov figures; Neutral

Group sales NOK 1.7bn, -1% vs. consensus, but mix is solid. Solid Christmas demand and momentum into '26

Norwegian Air Shuttle ASA: 1 director

A director at Norwegian Air Shuttle ASA maiden bought 65,000 shares at 16.585NOK and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the las...

Clean takeoff, hidden turbulence

Q3 solid, but in-line

Clean EBITDAR / EBIT in -line er 1-2% below. Reported EBIT +8%. Solid outlook. Clean est unchanged, stock neutral

Expectations already flying high

Sep figures; Neutral

Group sales NOK 3.5bn, +1% vs. cons. Limited outlook comments, but do state "encouraging" momentum

Aug sales in-line

Group sales NOK 3.77bn, basically in-line. Limited outlook comments, but do say "solid bookings"

Sales 1% below on lower load

Group sales NOK 4.76bn, 1% below us. We reiterate that Q3 EBIT est looks +10% too high

Cabin crew, prepare for dividend

EBIT 2% better and divi

Clean EBIT 2% higher on slihtly higher sales. Divi, "robust" demand, cost guidance down primarily on sales gain

Q2e looks fine - up to HOLD

June 5% better

Group sales NOK 3.9bn, +4.9% vs us and cons on better yield/ load

Improvement, but likely falling short

May as expeced

Group sales NOK 3.1bn, spot on us and cons (NAS 0.1% better, Widerøe 2% below)

Expectations running too hot

Great deal - bond buyback

NAS calls the convertible bond and contemplates a 50% buyback. Pos: Reduced share overhang + nr of shares down ~7%.