Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA

11.01
NOK
-0.20
(-1.83%)
0.00EPS
15.50BMarket Cap
Oct 28Next Earn
Norwegian Air Shuttle ASA
OSL:NAS
(Euronext Oslo)

Recent

price

11.01

P/E

ratio

- -

div

yld

7.35%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
NOK
6,546.07
8,117.2
9,826.43
11,824.97
14,831.01
17,036.32
19,367.53
133,704.01
25,458.58
15,894.95
188.4
9.69
20.3
26.95
36.65
36.97
34.76
Revenue per Share
133.07
94.12
348.95
244.07
-811.96
186.45
847.27
-7,753.12
-923.8
-589.97
-477.45
3.58
1.08
1.83
1.41
2.66
- -
Basic EPS, GAAP
-805.87
-1,168.02
-567.52
252.71
-3,587.91
-2,159.31
-3,720.58
-23,849.08
-7,140.69
764.98
-29.48
0.24
1.67
4.93
5.85
2.35
9.94
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.72
0.01
- -
- -
0.93
0.81
Dividend per Share
1,386.32
1,488.73
1,837.29
2,087.14
1,600.18
2,213.08
3,013.81
1,556.91
997.52
1,171.27
-77.84
3.52
4.52
6
7.51
7.29
6.33
Book Value per Share
1,223.98
1,307.99
1,656.82
1,916.16
1,443.19
2,058.84
2,865.84
1,406.6
872
1,114.66
-80.2
3.33
4.32
5.73
6.9
6.75
3.93
Tangible Book Value per Share
1
1
1
1
1
1
1
- -
2
3
48
523
930
948
963
1,018
1,039
Basic Weighted Avg Shares
8,406
10,532
12,859
15,580
19,540
22,491
25,951
30,948
40,266
43,522
9,096
5,068
18,869
25,539
35,316
37,646
36,125
Sales/Revenue/Turnover
2.15
1.05
5.75
3
-4.23
3.65
4.4
-5.75
-7.09
0.02
-87.39
-69.53
-3.2
8.88
6.12
8.83
2.44
Operating Margin (%)
187
294
385
530
748
1,133
1,296
1,405
1,668
6,458
6,215
1,134
2,512
3,534
4,807
4,231
4,876
Depreciation Expense
171
122
457
322
-1,070
246
1,135
-1,795
-1,461
-1,615
-23,051
1,871
1,006
1,737
1,355
2,708
-1
Net Income, GAAP
29.71
26.67
26.72
26.48
- -
- -
24.75
- -
- -
- -
- -
0.29
3.92
3.71
- -
10.21
- -
Effective Tax Rate (%)
2.03
1.16
3.55
2.06
-5.47
1.09
4.37
-5.8
-3.63
-3.71
-253.43
36.91
5.33
6.8
3.84
7.19
- -
Profit Margin (%)
-424
-1,490
-1,938
-1,373
-5,170
-5,624
-7,617
-7,203
-15,842
-9,417
-15,811
3,796
2,421
4,083
2,129
485
-163
Working Capital
1,964
2,698
4,178
5,744
9,953
16,543
18,706
22,060
22,530
52,224
186
8,416
8,696
12,312
12,249
15,712
15,024
LT Debt
1,796
1,946
2,421
2,750
2,108
2,965
4,049
2,098
1,705
4,125
-6,624
3,270
4,203
5,773
7,241
7,668
6,660
Total Equity
3.9
5.71
4.05
8.02
- -
- -
5.38
- -
- -
- -
- -
-29.63
10.52
12.36
8.45
12.83
- -
Return on Invested Capital (%)
4.58
3.31
7.69
5.93
- -
- -
6.6
- -
- -
- -
- -
28.12
12.1
14.98
11.55
15.23
- -
Return on Capital (%)
10.06
6.53
20.92
12.44
-44.04
9.7
32.42
-58.61
-77.44
-55.82
- -
- -
26.91
34.82
20.82
36.33
-0.02
Return on Common Equity (%)

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,839
3,797
3,940
LT Borrowings
3,782
3,492
4,020
LT Finance Leases
11,930
11,296
11,004
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,052
1,051
1,052
Market Capitalization
18,362
14,944
15,502

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
14,513
20,609
19,423
Cash, Cash Equivalents & STI
8,943
14,223
13,700
Accounts Receivable, Net
3,129
5,802
5,040
Inventories
566
585
683
Total Current Liabilities
14,028
18,763
19,586
Payables & Accruals
- -
- -
- -
ST Debt
3,839
3,797
3,940
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-20.11%
-10.43%
5.9%
Free Cash Flow
110.74%
240.73%
-57.61%
Net Income, GAAP
141.83%
-0.75%
99.85%
Sales/Revenue/Turnover
30.2%
61.66%
6.6%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,144
9,347
11,594
8,232
35,316
2025
6,582
10,289
- -
8,523
37,646
2026
6,904
10,409
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.94
0.49
2.08
-0.23
1.41
2025
-0.78
0.93
- -
-0.02
2.66
2026
-0.34
-0.53
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.93
2026
- -
0.8
- -
- -
- -
Business
Norwegian Air Shuttle ASA (NAS.OL), trading as Norwegian, operates as Scandinavia's second-largest low-cost airline and Norway's largest carrier, providing short-haul point-to-point passenger flights within the Nordics, to key European business destinations including London and holiday markets in the Mediterranean, Canary Islands and North Africa; the company also offers ancillary services such as in-flight food and beverages for purchase, checked baggage fees, WiFi access, video on demand entertainment and its Norwegian Reward frequent-flyer program for earning points on tickets and add-ons. Norwegian Air Shuttle ASA, founded in 1993 and headquartered at Fornebu outside Oslo, Norway, manages a fleet of approximately 96 Boeing 737 aircraft including 37 Boeing 737-800s and six Boeing 737 MAX 8s operated directly plus additional aircraft under its fully-owned subsidiary Norwegian Air Sweden; operations span subsidiaries in Norway, Sweden, Denmark, Finland, Spain and the UK, serving over 100 destinations with high-frequency domestic Scandinavian routes and intra-Nordic services complemented by the 2024 acquisition of regional carrier Widerøe for enhanced connectivity. Recent strategic developments include the March 2025 purchase of 10 leased Boeing 737-800 aircraft followed by a July 2025 agreement to acquire three more for improved financial flexibility, recurring cost savings of NOK 25 million annually and a non-recurring gain of NOK 260 million; the company also secured 11 CFM LEAP-1B spare engines in June 2025 to support its growing Boeing 737 MAX fleet deliveries scheduled through 2028, announced its first-ever dividend of NOK 0.90 per share in July 2025 payable in August and reported record Q3 2025 revenue of NOK 12,252 million with net income of NOK 2,549 million alongside strong November 2025 traffic of 1.84 million passengers group-wide.

Company News

  • Norwegian Air Shuttle ASA (NWARF) Q2 2026 Earnings Call Transcript

  • 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

  • Norwegian Air Shuttle ASA (NWARF) Q3 2025 Earnings Call Transcript

  • Norwegian Air to buy an additional 30 Boeing 737 aircraft

  • Denmark picks French, German and Norwegian air defence suppliers

  • Norwegian Air Shuttle Stock: Bullish After 21.5% Surge

  • Norwegian Air Shuttle ASA (NWARF) Q1 2025 Earnings Call Transcript

  • Norwegian Air Shuttle: Undervalued Airline Stocks But With High Currency Risk

  • 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