Norwegian Air Sees Year-On-Year Production Growth For Q1 2025 To Be About 17%

Reuters
13 Feb
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

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 13-FEB-202506:00:05.553 GMT

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