Norwegian Air Shuttle

Norwegian Air Shuttle ASA, commercially branded “Norwegian”, is a low-cost airline listed on the Oslo Stock Exchange. At 08 November 2018, Norwegian’s market capitalization was NOK 10,364 million (approximately £ 948 million).

Norwegian is the second largest airline in Scandinavia and the third largest low-cost airline in Europe with a route portfolio stretching across Europe into North Africa, North America, Asia and the Middle East. Its competitive price structure and emphasis on customer-friendly services and solutions has seen it experience significant growth in recent years, with more than 33 million passengers carried in 2017.

As of September 2018, Norwegian operated 128 single-aisle jet aircraft of the type Boeing 737, as well as 30 wide-body jet aircraft of the type Boeing 787.

According to its consolidated unaudited accounts for the year ended 31 December 2017, Norwegian’s operating revenue for that year was NOK 30,948 million, an increase of 19 per cent. compared to the previous financial year. NOK 24,719 million (2016: 21,096 million) of this revenue was related to ticket revenues, NOK 4,823 million (2016: 3,929 million) was ancillary passenger revenues, while NOK 1,407 million (2016: 1,030 million) was related to freight, third-party products and other income.


According to its consolidated unaudited accounts for the 3-months period ended 30 September 2018, Norwegian´s operating revenue for the period was NOK 13.39 billion, an increase of 33 per cent compared to the 3-months period of the previous year.


According to its consolidated unaudited accounts for the 3-months period ended 30 September 2018, Norwegian’s total assets as at 30 September 2018 were NOK 56.25 billion. At 30 September 2018, Norwegian had a cash balance of NOK 3.21 billion.