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Norwegian Air Shuttle ASA (NWARF)

OTCMKTS: NWARF · Delayed Price · USD
1.13 -0.03 (-2.59%)
Sep 24, 2021 3:45 PM EDT - Market closed
Market Cap1.07B
Revenue (ttm)2.55B
Net Income (ttm)n/a
Shares Out927.34M
EPS (ttm)-17.39
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume14,691
Open1.15
Previous Close1.16
Day's Range1.13 - 1.17
52-Week Range0.06 - 11.70
Beta1.10
Analystsn/a
Price Target0.40 (-64.6%)
Est. Earnings DateOct 28, 2021

About NWARF

Norwegian Air Shuttle ASA, together with its subsidiaries, provides scheduled and charter airline services in Norway and internationally. As of December 31, 2020, the company operated a total of 131 aircraft, whereas 55 owned and 76 leased aircrafts with a route network across Europe into North Africa, the Middle East, North America, South America, and South-East Asia. It is also involved in aircraft financing, leasing, and ownership activities; and cargo activities. The company was founded in 1993 and is headquartered in Fornebu, Norway.

IndustryAirlines
Founded1993
CEOJacob Schram
Employees6,365
Stock ExchangeOTCMKTS
Ticker SymbolNWARF
Full Company Profile

News

Norwegian Air hopeful of travel rebound but keeps cautious stance

Norwegian Air forecast its bookings will rise in the months ahead as European travel resumes with the lifting of COVID-19 curbs, but the budget carrier refrained from providing financial outlook for 202...

3 weeks ago - Reuters

Norwegian Air showed poor judgement in making bonus payments, minister says

Budget carrier Norwegian Air showed poor judgement when it paid bonuses to top management just weeks after emerging from government-backed bankruptcy proceedings, Norway's industry minister said on Tues...

2 months ago - Reuters

Norwegian Airlines Presses Eject Button On CEO And Moves CFO To The Post

Norwegian has made it through some incredibly arduous times which it faced even before the Covid crisis kicked off. It has recently exited both Irish and Norwegian bankruptcy protection and successfully...

3 months ago - Forbes

Norwegian Air appoints Karlsen new CEO with immediate effect

Norwegian budget airline Norwegian Air has appointed its chief financial officer Geir Karlsen as new chief executive with immediate effect, succeeding Jacob Schram, it announced on Monday.

3 months ago - Reuters

Norwegian Air's CEO eyes rise in bookings ahead of European summer

More customers are booking flights with Norwegian Air for the upcoming summer season in Europe, although pandemic restrictions still weigh on demand, the carrier's CEO told Reuters.

4 months ago - Reuters

Norwegian Air, saved from collapse, reinvents as regional carrier

Norwegian Air emerged from six months of bankruptcy protection on Wednesday with a smaller fleet and its debt almost wiped out but also facing stronger competition and lingering uncertainty wrought by t...

4 months ago - Reuters

Norwegian Air raises fresh capital, set to exit restructuring

Norwegian Air has raised the 6 billion Norwegian crowns ($714.07 million) it targeted through the sale of perpetual bonds, new shares and a rights issue, the company said on Friday.

4 months ago - Reuters

Norwegian Air says debt reconstruction plan approved

Norwegian Air's court-ordered debt reconstruction plan is now legally binding, and the airline expects to complete its financial rescue as planned on May 26, it said on Tuesday.

4 months ago - Reuters

Timeline: Norwegian Air's rise and battle for survival

Having grown rapidly to become Europe's third-largest low-cost airline and one of the few to apply the budget model to transatlantic flights, Norwegian Air has been fighting for its survival.

5 months ago - Reuters

Norwegian Air to raise additional cash before bankruptcy exit

Norwegian Air now aims to raise up to 6 billion crowns ($711 million) in fresh capital, up from a planned 4.5 billion, to bolster its resources before emerging from bankruptcy protection next month as t...

5 months ago - Reuters

Norwegian Air updates offer to creditors in key step towards survival

Norwegian Air said it had presented an updated restructuring proposal to creditors on Thursday, a major step in the airline's plan to sharply cut debt and trim the fleet to overcome the coronavirus pand...

6 months ago - Reuters

Norwegian Air says Boeing dispute to be decided in U.S. court

Norwegian Air is not asking Ireland's High Court to interfere with legal proceedings between itself and Boeing in the United States over the cancellation of 97 plane orders, a lawyer for the airline sai...

Other symbols:BA
6 months ago - Reuters

Norwegian Air seeks to repudiate Boeing contracts in Irish court

Norwegian Air is seeking to repudiate three aircraft sales contracts with Boeing as part of its restructuring process in Ireland, a lawyer representing the airline to Ireland's High Court on Friday.

Other symbols:BA
6 months ago - Reuters

Norwegian Air reaches agreement to end 36 aircraft leases, court hears

Norwegian Air has withdrawn requests to repudiate a total of 36 aircraft leases after reaching agreement with the lessors in question as part of a restructuring process, Ireland's High Court heard on Tu...

6 months ago - Reuters

Norwegian Air sees no deal with Boeing before reconstruction over, CFO says

Norwegian Air's and Boeing's legal dispute in the United States over compensation for the grounding of the MAX aircraft and cancelled orders will likely drag on beyond the end of the ongoing reconstruct...

Other symbols:BA
7 months ago - Reuters

Norwegian Air and Airbus agree terms to end jet deliveries, court is told

Norwegian Air and jet maker Airbus have agreed on terms to repudiate the carrier's contract for new aircraft, lawyers representing the two firms told Ireland's High Court on Wednesday.

7 months ago - Reuters

Norwegian Air abandons long-haul flights, ending its $100 travel between the US and Europe

One of Europe's biggest airlines, Norwegian Air, plans to abandon long-haul flights between the US and Europe and focus on building a scaled-down European network, as it struggles to stay afloat amid th...

8 months ago - Business Insider

Norwegian Air Shuttle shares jump 80%

Shares of Norwegian Air Shuttle traded 82% higher in Oslo on Thursday. On Tuesday, the airline secured bankruptcy protection in Norway, after already getting such protection in Ireland.

9 months ago - Market Watch

Norwegian Air files for bankruptcy protection in Ireland

Low-cost airline to continue reduced flight schedule and shares will still be traded in Oslo

10 months ago - The Guardian

Norwegian Air has filed for bankruptcy

Norwegian Air is seeking protection from its creditors as it attempts to restructure its business and survive the coronavirus pandemic.

10 months ago - CNN Business

Norwegian Air Shuttle Faces Bankruptcy

Norwegian Air Shuttle is facing bankruptcy as the government refused a second bailout. Bailout is a risky and inefficient use of taxpayer money.

10 months ago - Seeking Alpha

Norwegian Air may not survive the pandemic

Norwegian Air wanted to bring a low-cost business model to transatlantic flights. It's quickly running out of runway.

10 months ago - CNN Business

Norwegian Air says it could run out of cash in early 2021

Pandemic-hit Norwegian Air could run out of cash in the first quarter of 2021 unless it secures fresh funding, the budget carrier said while reporting third-quarter results on Tuesday.

10 months ago - Reuters

Norwegian Air stock plunges as government turns back on cash-strapped airline

Norwegian Air warns of "uncertain future" after state says a rescue wouldn't be a "sound use" of taxpayer funds.

10 months ago - Market Watch

Timeline: Norwegian Air's rise and battle for survival

Having grown rapidly to become Europe's third-largest low-cost airline and one of the few to apply the budget model to transatlantic flights, Norwegian Air is fighting for its survival again after the O...

10 months ago - Reuters