Norwegian Air

Prudent capacity cuts will continue into 2020

  • Sectors : Airlines & Other Transport
  • Companies : Norwegian Air

Ratings and price correct at time of issue.

  • Norwegian Air

    Closing Price: 4209nok

  • RATING 01/09/15

  • PREVIOUS RATING 22/01/15

    UNDERPERFORM

DAVY VIEW

Capacity cuts have been central to the stabilisation of Norwegian’s financial profile. In Q4, its production was down 19% year-on-year and its guidance of declines of 13-15% in 2020 is encouraging (previously: -10%). Norwegian, however, is not the only beneficiary from its pull-back of inefficient capacity as this also helps to prolong the currently favourable supply backdrop in Europe.

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Feb 13 2020, 09:00 GMT

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