Norwegian Air Sees Year-On-Year Production Growth For Q1 2025 To Be About 17%
Reuters
02-13
Feb 13 (Reuters) - Norwegian Air Shuttle ASA :: *Q4 GROUP OPERATING REVENUE NOK 8,232.1 MILLION VERSUS NOK 8,074 MILLION SEEN IN COMPANY CONSENSUS *BOD PROPOSES A DISTRIBUTION OF PROFITS OF NOK 0.60 PER SHARE FOR 2024, TO BE PAID OUT EITHER THROUGH DIVIDEND OR BUY-BACK OF SHARES *Q4 GROUP EBIT LOSS NOK 93.2 MILLION VERSUS LOSS NOK 92 MILLION SEEN IN COMPANY CONSENSUS *NORWEGIAN GROUP HAD 6.2 MILLION PASSENGERS IN QUARTER, OF WHICH 5.2 MILLION WERE PASSENGERS OF NORWEGIAN AND 1.0 MILLION OF WIDERØE *OUTLOOK 2025: UNIT COST EXCLUDING FUEL IS EXPECTED TO INCREASE BY A SINGLE-DIGIT PERCENTAGE VERSUS 2024, ASSUMING CURRENT FOREIGN EXCHANGE RATES *OUTLOOK 2025: YEAR-ON-YEAR PRODUCTION GROWTH FOR Q1 2025 IS FORECASTED AT ABOUT 17% *OUTLOOK: UNIT COSTS ARE EXPECTED TO BE IMPACTED BY REDUCED GROWTH IN PRODUCTION, A WEAKER NOK AGAINST THE EUR AND USD, IN ADDITION TO INDUSTRY-SPECIFIC INFLATIONARY PRESSURE *OUTLOOK 2025: FOR THE FULL-YEAR NORWEGIAN IS FORECASTING AN OVERALL PRODUCTION $(ASK.AU)$ OF ABOUT 38,000 MILLION SEAT KILOMETRES, A GROWTH OF 4% FROM 2024 *OUTLOOK: YEAR-ON-YEAR PRODUCTION GROWTH FOR THE FIRST QUARTER 2025 IS FORECASTED AT APPROXIMATELY 17 PERCENT *OUTLOOK 2025: REDUCTION IN PRODUCTION GROWTH IS DUE TO AIRCRAFT DELIVERY DELAYS FROM BOEING WITH FLEET CURRENTLY PROJECTED TO GROW TO 88 AIRCRAFT FOR SUMMER OF 2025