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Norwegian Air Shuttle ASA (NWC.OL)

NWC.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Norwegian Finans Holding recommends rejecting LSE listing of stock
Tuesday, 6 Nov 2018 09:00am EST 

Nov 6 (Reuters) - Norwegian Finans Holding ASA ::NORWEGIAN FINANS HOLDING: BOARD IS OF THE OPINION THAT THERE ARE MORE DISADVANTAGES THAN ADVANTAGES WITH A DUAL OR SECONDARY LISTING ON THE LSE.NORWEGIAN FINANS HOLDING: COMPANY WILL IRRESPECTIVE OF ANY POTENTIAL LISTING IN LONDON CONTINUE TO BE DOMICILED IN NORWAY AND WILL AS SUCH CONTINUE TO BE SUBJECT TO THE NORWEGIAN FINANCIAL REGULATORY REGIME AND THE NORWEGIAN TAX REGIME.NORWEGIAN FINANS HOLDING: ANY POTENTIAL NEW DOMICILE FOR THE COMPANY ENTAILS ANOTHER AND VERY COMPREHENSIVE PROCESS WHICH THE BOARD WILL NOT ELABORATE ON HERE.NORWEGIAN FINANS HOLDING: THE BOARD WILL NOT ADVICE THE SHAREHOLDERS TO VOTE FOR FORTELUS' PROPOSAL TO LIST ON LSE.  Full Article

Norwegian Air October growth, yield lag forecasts
Tuesday, 6 Nov 2018 02:08am EST 

Nov 6 (Reuters) - Norwegian Air Shuttle ASA ::TRAFFIC FIGURES FOR OCTOBER 2018.NORWEGIAN AIR OCT RPK UP 25 PERCENT YEAR/YEAR (REUTERS POLL +33.9 PERCENT).NORWEGIAN AIR OCT ASK UP 29 PERCENT YEAR/YEAR (REUTERS POLL +34.2 PERCENT).NORWEGIAN AIR OCT YIELD NOK 0.38 (REUTERS POLL NOK 0.39).NORWEGIAN AIR OCT LOAD FACTOR 85.0 PERCENT (REUTERS POLL +87.3 PERCENT).NORWEGIAN AIR: BY THE END OF OCTOBER, THE GROUP ESTIMATES A QUARTER-TO-DATE LOSS OF NOK 154 MILLION INCLUDING LOSSES OF NOK 228 MILLION RELATED TO UNREALIZED HEDGE POSITIONS.NORWEGIAN AIR SAYS GROWTH TO LEVEL OFF, IN LINE WITH STRATEGY.NORWEGIAN AIR SAYS ENTERING A PERIOD OF LOWER DEMAND, TOUGH COMPETITION AND HIGH OIL PRICES, MAKING IT EVEN MORE IMPORTANT FOR THE COMPANY TO CONTINUE REDUCING ITS COSTS.NORWEGIAN AIR: IN GENERAL, THE YIELD DEVELOPMENT IS POSITIVE, BUT IS NEGATIVELY AFFECTED BY THE FACT THAT THE COMPANY NOW OPERATES A GREATER NUMBER OF LONGER FLIGHTS THAN THE SAME MONTH LAST YEAR.  Full Article

Iag CEO Walsh Says Remain Relaxed About Ownership Of Iag Post-Brexit, View Hasn't Changed
Friday, 26 Oct 2018 02:00am EDT 

Oct 26 (Reuters) - Iag ::CEO WALSH SAYS TRADING ENVIRONMENT HAS BEEN GOOD THIS YEAR, EUROPE STRONG, Q4 HAS SEEN SIMILAR TRENDS.CEO WALSH SAYS EXPECTS TO SEE MORE AIRLINE FAILURES IN COMING MONTHS.CEO WALSH SAYS NOTHING NEW TO SAY IN RELATION TO NORWEGIAN AIR.CEO WALSH SAYS REMAIN RELAXED ABOUT OWNERSHIP OF IAG POST-BREXIT, VIEW HASN'T CHANGED.  Full Article

Ryanair CEO sees fares improving in summer 2019
Monday, 22 Oct 2018 05:25am EDT 

Oct 22 (Reuters) - Ryanair Chief Executive Michael O'Leary speaking on H1 analyst conference call: :CEO SAYS UNDERLYING MESSAGE OF DAY IS THAT RYANAIR'S COST LEADERSHIP CONTINUES.CEO SAYS ENTERING A 'GRIM WINTER' IN TERMS OF AIR FARES.CEO SAYS IF THERE IS GOING TO BE A FARE WAR, WE WANT TO WIN IT.CEO SAYS DON'T EXPECT US TO BE A PLAYER IN CONSOLIDATION THIS WINTER.CEO SAYS SAYS STILL EXPECTS NORWEGIAN AIR TO GO BUST THIS WINTER.CEO SAYS SEES MUCH OF FUTURE GROWTH THROUGH RYANAIR SUN AND LAUDAMOTION.CEO SAYS COMMITTED TO CONTINUING SHARE BUYBACK BUT THINKS APPROPRIATE TO WAIT FOR BREXIT OUTCOME BEFORE RESUMPTION.CEO SAYS SEES PROBABLY GO FOR ANOTHER BUY BACK NEXT SPRING/SUMMER SUBJECT TO BREXIT OUTCOME.CEO SAYS EXPECTS COSTS FROM NEXT YEAR FLAT TO SLIGHTLY DOWN.CEO SAYS SAYS WOULD BE AN OPTIMIST ON SUMMER 2019.CEO SAYS SAYS NEXT SUMMER WILL SEE LEGACY AIRLINES RESTORE FUEL SURCHARGES.CEO SAYS WILL BE HAPPY TO LET ITS FARES TRACK UP ON BACK OF FUEL SURCHARGES BY LEGACY CARRIERS.CEO SAYS EXPECTS TO MAINTAIN 95 PERCENT LOAD FACTOR; EXPECTS IMPROVED PRICING IN SUMMER 19.  Full Article

Norwegian Air offers discounts to stranded Primera passengers
Tuesday, 2 Oct 2018 06:30am EDT 

Oct 2 (Reuters) - Norwegian Air Shuttle ASA ::NORWEGIAN AIR OFFERS REPATRIATION FARES TO THOSE AFFECTED BY PRIMERA BANKRUPTCY.NORWEGIAN AIR SAYS PRIMERA PASSENGERS CAN BOOK REDUCED FARES, REPRESENTING A DISCOUNT OF 50 PERCENT, FOR TRAVEL UP TO OCT 14, SUBJECT TO AVAILABILITY.NORWEGIAN AIR SAYS REPATRIATION FARES AVAILABLE FOR PRIMERA PASSENGERS TRAVELLING LONG HAUL BETWEEN LONDON AND NEW YORK JFK, PARIS AND NEWARK/JFK/BOSTON.NORWEGIAN AIR SAYS REPATRIATION FARES AVAILABLE FOR PRIMERA PASSENGERS TRAVELLING SHORT HAUL BETWEEN COPENHAGEN AND CHANIA IN GREECE/MALAGA//GRAN CANARIA/PALMA DE MALLORCA.FOR FURTHER INFO ON PRIMERA: nL8N1WH6OT.  Full Article

Norwegian Air seeks further information from companies proposing potential deals
Monday, 11 Jun 2018 08:08am EDT 

June 11 (Reuters) - Norwegian Air Shuttle ASA ::SUBSCRIPTION PERIOD FOR SUBSEQUENT OFFERING IS EXPECTED TO COMMENCE AT 09:00 A.M. CET ON 12 JUNE 2018 AND EXPIRE AT 16:30 P.M. CET ON 25 JUNE 2018.FINANCIAL SUPERVISORY AUTHORITY OF NORWAY HAS APPROVED PROSPECTUS OF COMPANY DATED 11 JUNE 2018.FINANCIAL SUPERVISORY AUTHORITY OF NORWAY HAS APPROVED PROSPECTUS OF COMPANY DATED 11 JUNE 2018 FOR (I) LISTING OF TRANCHE 2 SHARES; AND (II) SUBSEQUENT OFFERING AND LISTING OF UP TO 1,290,323 OFFER SHARES.NORWEGIAN AIR SHUTTLE - SINCE 12 APRIL 2018, COMPANY HAS RECEIVED ENQUIRIES FROM SEVERAL PARTIES WHO HAVE EXPRESSED INDICATIVE AND PRELIMINARY INTEREST IN SHARE ACQUISITIONS, MERGERS, STRUCTURAL TRANSACTIONS, FINANCING OF GROUP AND VARIOUS FORMS OF COOPERATION.NORWEGIAN: SINCE 12 APRIL 2018, COMPANY HAS RECEIVED ENQUIRIES FROM SEVERAL PARTIES WHO HAVE EXPRESSED INDICATIVE AND PRELIMINARY INTEREST IN SHARE ACQUISITIONS, MERGERS, STRUCTURAL TRANSACTIONS, FINANCING OF GROUP AND VARIOUS FORMS OF COOPERATION.INDICATIONS OF INTEREST HAVE BEEN PRELIMINARY AND SUBJECT TO A NUMBER OF CONDITIONS.COMPANY IS SEEKING FURTHER INFORMATION AND CLARIFICATIONS IN A NUMBER OF AREAS SO THAT IT CAN EVALUATE SUCH PROPOSALS TO DETERMINE WHETHER THEY PROVIDE SUFFICIENT BASIS FOR ENTERING INTO SPECIFIC DISCUSSIONS.AS AT DATE HEREOF, COMPANY HAS NOT ENTERED INTO ANY AGREEMENTS OR SPECIFIC NEGOTIATIONS IN RELATION TO RECEIVED INDICATIONS.  Full Article

Norwegian Air says rejected takeover proposals from IAG
Friday, 4 May 2018 04:13am EDT 

May 4 (Reuters) - Norwegian Air Shuttle Asa (NAS) said::HAS RECEIVED TWO SEPARATE CONDITIONAL PROPOSALS FROM IAG GROUP IN RELATION TO AN ACQUISITION OF 100 PERCENT OF SHARE CAPITAL OF NAS.THESE PROPOSALS WERE REVIEWED IN CONJUNCTION WITH NAS' FINANCIAL AND LEGAL ADVISERS, AND WERE UNANIMOUSLY REJECTED ON BASIS THAT THEY UNDERVALUED NAS AND ITS PROSPECTS.BOARD OF NAS REMAINS FULLY COMMITTED TO DELIVERING ON ITS STATED STRATEGY, FOR BENEFIT OF ALL NAS SHAREHOLDERS.  Full Article

Norwegian Air says capacity-adjusted bookings ahead of last year
Thursday, 26 Apr 2018 02:32am EDT 

April 26 (Reuters) - Norwegian Air Shuttle ASA ::NORWEGIAN AIR SAYS FINANCING ON TRACK.NORWEGIAN AIR SAYS CAPEX COMMITMENT (ALL AIRCRAFT INCLUDING PDP) USD 1.9 BILLION FOR 2018, USD 2.6 BILLION FOR 2019.NORWEGIAN AIR SAYS CAPACITY-ADJUSTED BOOKING VOLUMES AHEAD OF LAST YEAR.NORWEGIAN AIR SAYS FAVORABLE TRADING ENVIRONMENT IN EUROPEAN SHORT HAUL MARKET.  Full Article

Norwegian Air not near covenant breach -acting CFO
Wednesday, 21 Mar 2018 05:35am EDT 

March 21 (Reuters) - Norwegian Air Shuttle ASA acting CFO Tore Oestby told a conference call on Wednesday::WE ARE NOT NEAR BREACHING COVENANTS IN Q1. WE ARE NOT CLOSE TO BEING IN BREACH OF COVENANTS, AND THIS WITH A GOOD MARGIN.  Full Article

Norwegian Air says no change in equity after agreeing to change 2017 accounting
Thursday, 15 Mar 2018 10:55am EDT 

March 15 (Reuters) - Norwegian Air Shuttle Asa ::‍NORWEGIAN HAVE TODAY CONCLUDED ON ACCOUNTING TREATMENT OF NORWEGIAN FINANS HOLDING (NOFI), RESULTING IN A CHANGE FOR 2017​.‍THIS WILL NOT HAVE ANY IMPACT ON NORWEGIAN'S BOOK VALUE OF EQUITY AT 31 MARCH 2018, AS INVESTMENT IN NOFI WILL BE RECOGNIZED AT MARKET VALUE FROM Q1 2018, INSTEAD OF PREVIOUSLY ANNOUNCED Q2 2017​.‍NORWEGIAN HAVE DECIDED TO FOLLOW RECOMMENDATION BY FINANSTILSYNET, RESULTING IN A CHANGE IN PRELIMINARY 2017 FULL YEAR FINANCIAL STATEMENTS​.‍AS OF DECEMBER 31, 2017, THIS WILL RESULT IN A REDUCTION OF RECOGNIZED VALUE OF INVESTMENT BY NOK 1,993 MILLION WITH A CORRESPONDING DECREASE IN END BALANCE EQUITY​.‍EFFECTS OF A CHANGE BACK TO IAS 28 WILL ALSO REVERSE FINANCIAL GAINS IN NET PROFITS OF NOK 1,657 MILLION, REVERSE FAIR VALUE CHANGES RECORDED IN OTHER COMPREHENSIVE INCOME OF NOK 498 MILLION AND INCREASE SHARE OF PROFIT FROM ASSOCIATED COMPANIES BY NOK 163 MILLION​.‍NET IMPACT OF EQUITY AT 31 MARCH 2018 WILL BE UNCHANGED COMPARED TO CURRENT SITUATION​.  Full Article

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Norwegian Air: all our 737 MAX 8 operate as normal after Boeing statement

OSLO Norwegian Air said on Wednesday all fourteen of its 737 MAX 8 Boeing planes were operating as normal after receiving a safety bulletin from the U.S. plane manufacturer.