Norwegian Air Shuttle ASA
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Geir Magne Karlsen
- Full Time Employees
- 6,227
- Sector
- Industrials
- Industry
- Airlines, Airports & Air Services
- Address
- OksenOeyveien 3 Fornebu PS Norway 1330
- IPO Date
- Nov 27, 2013
- Website
- norwegian.com
- Similar Companies
- Business
- Norwegian Air Shuttle ASA (Norwegian) operates as Scandinavia's second-largest low-cost airline, providing scheduled short-haul passenger flights primarily within the Nordic region, Europe, and select North African destinations; it offers high-frequency domestic services in Norway, intra-Scandinavian routes, and connections to key business hubs such as London and leisure markets in the Mediterranean and Canary Islands. The company maintains an all-Boeing 737 fleet, including Boeing 737-800 and 737 MAX 8 aircraft configured in all-economy class with 186 to 189 seats, supplemented by services such as in-flight entertainment via overhead screens and personal devices, Wi-Fi access, and its Norwegian Reward frequent-flyer program; ancillary revenues derive from checked baggage, onboard food and drinks, and credit card payments. Flights are operated under Norwegian Air Shuttle AOC in Norway and Norwegian Air Sweden AOC in Sweden, with a network spanning over 100 destinations served by approximately 96 aircraft as of late 2025. Founded in 1993 and headquartered at Fornebu outside Oslo, Norway, Norwegian targets leisure and business travelers across its primary markets in Scandinavia, Europe, and nearby regions, with bases in multiple countries including Denmark, Finland, Sweden, Spain, and the UK. The airline group includes subsidiaries such as Norwegian Air Sweden and, following its acquisition of regional carrier Widerøe in January 2024, has expanded into Nordic regional operations. It emphasizes operational efficiency, low fares, and sustainability initiatives, including partnerships for sustainable aviation fuel with entities like the Norwegian defense and large corporates. Recent strategic developments include the March 2025 purchase of 10 Boeing 737-800 aircraft from lease, followed by an agreement in July 2025 to acquire three additional Boeing 737-800s expected to close in Q3 2025, enhancing fleet ownership, financial flexibility, and long-term cost savings of approximately NOK 25 million annually net of financing. In 2024, Norwegian completed the full acquisition of Widerøe for approximately NOK 1.125 billion, bolstering its regional presence, and renewed its base maintenance partnership with Lufthansa Technik for five years starting August 2025, covering 120 checks on its Boeing 737 NG and MAX fleet at the Budapest facility. The company has also secured orders for up to 80 Boeing 737 MAX 8 aircraft, with options exercised in September 2025, alongside acquisitions of 11 CFM LEAP-1B spare engines and full repayment of prior Norwegian government aid, positioning it for projected revenue growth to NOK 43.4 billion by 2028.
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Norwegian Air Shuttle to Buy Package Holiday Group Nordic Leisure Travel For $833 Million
Norwegian Air Shuttle ASA (NWARF) Q1 2026 Earnings Call Transcript
Norwegian Air Shuttle ASA (NWARF) Q4 2025 Earnings Call Transcript
Norwegian Air Shuttle ASA (OTCMKTS:NWARF) Shares Down 1.1% – Here’s What Happened
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Norwegian Air to buy an additional 30 Boeing 737 aircraft
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Norwegian Air Shuttle Stock: Bullish After 21.5% Surge
Norwegian Air Shuttle ASA (NWARF) Q1 2025 Earnings Call Transcript
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Norwegian Air Shuttle ASA (NWARF) Q4 2024 Earnings Call Transcript
Norwegian Air cuts 2024 operating profit forecast
Norwegian Air Shuttle ASA (NWARF) Q3 2024 Earnings Call Transcript
Norwegian Air Shuttle ASA (NWARF) Q2 2024 Earnings Call Transcript
Norwegian Air Shuttle Stock: Significant Upside Remains For Huge Turnaround Story
Norwegian Air Shuttle ASA (NWARF) Q4 2023 Earnings Call Transcript
Norwegian Air Shuttle Stock: Reiterating Buy Rating On Strong Growth
Norwegian watchdog might stop Norwegian Air's bid for Wideroe
Norway may block Norwegian Air's bid for Wideroe