Norwegian Air Shuttle

Norwegian Air Shuttle ASA, commercially branded “Norwegian”, is a low-cost airline listed on the Oslo Stock Exchange. At 26 February 2020, Norwegian’s market capitalization was NOK 3,938 million (equivalent to approximately US$ 421 million based on NOK/US$ exchange rate as at 26 February 2020).

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 36 million passengers carried in 2019.

As of December 2019, Norwegian operated 119 single-aisle jet aircraft of the type Boeing 737, as well as 37 wide-body jet aircraft of the type Boeing 787.

According to its consolidated audited accounts for the year ended 31 December 2018, Norwegian’s operating revenue for that year was NOK 40,266 million, an increase of 30 per cent. compared to the previous financial year. NOK 32,560 million (2017: 24,719 million) of this revenue was related to ticket revenues, NOK 6,267 million (2017: 4,823 million) was ancillary passenger revenues, while NOK 1,439 million (2017: 1,407 million) was related to freight, third-party products and other income.


According to its consolidated unaudited accounts for the 3-months period ended 31 December 2019, Norwegian´s operating revenue for the period was NOK 8.94 billion, a decrease of 7 per cent compared to the 3-months period of the previous year.


According to its consolidated unaudited accounts for the 3-months period ended 31 December 2019, Norwegian’s total assets as at 31 December 2019 were NOK 85.34 billion. At 31 December 2019, Norwegian had a cash balance of NOK 3.10 billion.