Norwegian Air falls after its results

(Boursier.com) — Norwegian Air Fall of 7% in Oslo despite the announcement of a lower operating loss than expected in the first quarter. Analysts note that the results were positively influenced by efficiency gains and initiatives implemented during the quarter, but also by the acquisition of ten Boeing 737-800 previously rented. The carrier was thus suffered an operational loss of 610.9 million Norwegian crowns ($ 59 million) over the quarter, compared to 976 MC of consensus, for income of 6.58 billion (vs 6.65 billion MDSCs). The low -cost airline said: “The Easter calendar had a significant negative impact on our first quarter results, but this effect will be reversed in the second quarter”. It has slightly revised down its capacity forecasts over the entire financial year to +3%. The Norwegian fleet should remain stable at 88 planes for the summer of 2025, before reaching around 96 aircraft by the end of the year.

Barclays notes the “encouraging” comments of the company concerning the strong summer reservations and the stable yield from one year to the next, given a “very modest” growth of capacities. But the bank also notes that the group did not provide an explicit forecast of Ebitda for the whole year.