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Davy Research

Norwegian Air

Profit warning

Jul 4 2024, 08:30 IST/BST
Stephen Furlong
Ava Costello
Company Report
6 page(s)

Sectors : Airlines

Companies : Norwegian Air

Ratings and price correct at time of issue.

Norwegian Air

Closing Price: 1280nok
RATING 01/09/15
NEUTRAL
PREVIOUS RATING 22/01/15

UNDERPERFORM

Person's Name

Stephen Furlong

Analyst

Person's Name

Ava Costello

Analyst

DAVY VIEW

With its June traffic stats, Norwegian Air has lowered its estimates for 2024 from a range of NOK2.5-3.2bn (Davy: NOK2.754bn) to NOK2.1-2.6bn. The profit outlook excluded any profits from Widerøe, the regional carrier which Norwegian acquired in January 2024.

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Jul 4 2024, 08:30 IST/BST