Business description: Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA is a Norwegian airline company organized around 3 areas of activities:

- passenger transportation services (84.3% of net sales);

- services (12.7%): reservation, luggage management, ticket sales services, etc.;

- other (3%).

At the end of 2025, the group has a fleet of 146 aircraft.

Net sales are distributed geographically as follows: Norway (49.9%), Spain (12.7%), Denmark (8.8%), Sweden (8.6%), the United Kingdom (3.2%), Finland (2.5%), Italy (2.4%), France (2.1%), Germany (1.3%), Greece (1.1%) and other (7.4%).

Number of employees: 7,672

Sales by Activity: Norwegian Air Shuttle ASA

Fiscal Period: December 2021 (NOK) 2022 (NOK) 2023 (NOK) 2024 (NOK) 2025 (NOK)

Elimination

- - - -269M -

Widerøe

- - - 7.24B -

Norwegian

- - - 28.34B -

Low-Cost Air Passenger Travel

5.07B 18.07B 25.54B - -

Geographical breakdown of sales: Norwegian Air Shuttle ASA

Fiscal Period: December 2021 (NOK) 2022 (NOK) 2023 (NOK) 2024 (NOK) 2025 (NOK)

Poland

- 214M 350M 364M -

Greece

65.3M - - - -

Other

333M 1.73B 2.33B 2.55B -

Italy

66.3M 479M 710M 791M -

Germany

47.5M 270M 370M 428M -

France

105M 501M 615M 675M -

Finland

122M 645M 934M 904M -

Denmark

576M 2.15B 2.93B 3.2B -

United Kingdom

91.1M 830M 1.03B 1.1B -

Spain

651M 2.73B 4.09B 4.62B -

Sweden

524M 1.98B 2.5B 2.8B -

Norway

2.49B 7.33B 9.69B 17.89B -

Executive Committee: Norwegian Air Shuttle ASA

Manager TitleAgeSince
Chief Executive Officer 61 20/06/2021
Director of Finance/CFO 62 30/04/2022
Chief Operating Officer 50 30/06/2023
Chief Tech/Sci/R&D Officer 53 31/05/2020
Investor Relations Contact - 31/12/2021

Composition of the Board of Directors: Norwegian Air Shuttle ASA

Director TitleAgeSince
Director/Board Member 52 31/12/2018
Director/Board Member 39 31/03/2022
Director/Board Member 59 30/11/2023
Director/Board Member 57 14/05/2024
Director/Board Member 51 13/05/2025
Director/Board Member 57 13/05/2025
Chairman 69 19/11/2025

Shareholders: Norwegian Air Shuttle ASA

NameEquities%Valuation
13.27 %
140,063,236 13.27 % 204 M kr
Folketrygdfondet
9.071 %
95,722,787 9.071 % 140 M kr
Nordea Investment Management AB (Norway)
2.579 %
27,214,998 2.579 % 40 M kr
Keskinäinen Työeläkevakuutusyhtiö Varma
2.506 %
26,445,464 2.506 % 39 M kr
KLP Kapitalforvaltning AS
1.974 %
20,832,681 1.974 % 30 M kr

Holdings: Norwegian Air Shuttle ASA

NameEquities%Valuation
4,328,636 0.41% 6 M $

Company details: Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA

Oksenøyveien 3

1330, Fornebu

+47 67 59 30 00

http://www.norwegian.com
address Norwegian Air Shuttle ASA(NAS)

Group companies: Norwegian Air Shuttle ASA

NameCategory and Sector
Airlines

Other Airlines

Change 5d. change 1-year change 3-years change Capi.($)
-0.28%-2.87%+10.94%+40.31% 1.59B
-0.71%+6.20%+74.32%+105.57% 46.53B
-2.84%+3.90%+49.19%+120.34% 32.11B
-1.08%-4.78%+24.37%+66.78% 30.89B
+0.07%+1.90%+59.22%+169.14% 24.48B
+0.32%+1.19%-14.62%+136.11% 19.45B
-0.15%-1.06%+1.24%+11.43% 16.23B
+1.15%+8.62%+8.62%-27.03% 16.28B
+1.75%+1.57%+0.52%-25.61% 14.04B
+4.08%+3.85%+20.79%-13.56% 14.1B
Average +0.74%+3.08%+23.46%+58.35% 21.57B
Weighted average by Cap. +0.63%+3.77%+34.46%+78.28%
Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
14.08NOK
Average target price
17.25NOK
Spread / Average Target
+22.47%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. NAS Stock
  4. Company Norwegian Air Shuttle ASA