Norwegian Air Shuttle ASA/Nkr NAS
1D1W1MYTD1Y5YMAX
Capital at risk
About Norwegian Air Shuttle ASA
Norwegian Air Shuttle ASA is a Norwegian low-cost airline headquartered in Fornebu, Norway. It operates a short-haul network across Europe, with a focus on the Nordic region, offering affordable flights primarily through its brand Norwegian. The company also runs long-haul operations under the Norwegian Long Haul brand. Established in 1993, Norwegian Air Shuttle has expanded its services over the years to include a modern fleet of Boeing 737 aircraft. Its competitive strengths include an extensive route network within Europe and a focus on operational efficiency that supports its low-cost strategy. The airline has faced various challenges and restructuring over time, adapting its business model in response to market conditions and competitive pressures.
- Ticker
- Nkr NAS
- Sector
- Mobility
- Primary listing
- XOSL
- Employees
- 7,672
- Headquarters
- Fornebu, Norway
- Website
- www.norwegian.com
NAS Metrics
BasicAdvanced
kr 13B
7.80
kr 1.53
1.05
kr 0.80
6.68%
Price and volume
Market cap
kr 13B
Beta
1.05
52-week high
kr 18.08
52-week low
kr 11.91
Average daily volume
4.7M
Dividend rate
kr 0.80
Financial strength
Current ratio
0.992
Quick ratio
0.957
Long term debt to equity
2.256
Total debt to equity
2.848
Dividend payout ratio (TTM)
110.76%
Interest coverage (TTM)
1.25%
Profitability
EBITDA (TTM)
3,040
Gross margin (TTM)
19.77%
Net profit margin (TTM)
4.25%
Operating margin (TTM)
4.36%
Effective tax rate (TTM)
-7.87%
Revenue per employee (TTM)
kr 4,960,000
Management effectiveness
Return on assets (TTM)
2.27%
Return on equity (TTM)
25.72%
Valuation
Price to earnings (TTM)
7.799
Price to revenue (TTM)
0.331
Price to book
1.89
Price to tangible book (TTM)
3.04
Price to free cash flow (TTM)
2.635
Free cash flow yield (TTM)
37.95%
Free cash flow per share (TTM)
4.542
Dividend yield (TTM)
6.68%
Forward dividend yield
6.68%
Growth
Revenue change (TTM)
3.79%
Earnings per share change (TTM)
-5.00%
3-year revenue growth (CAGR)
18.89%
10-year revenue growth (CAGR)
4.64%
3-year earnings per share growth (CAGR)
87.07%
10-year earnings per share growth (CAGR)
-48.34%
Bulls say / Bears say
Excluding one-off items, the group delivered an adjusted operating profit of NOK 213 million in Q2 2026, achieving a 2% operating margin as cost-focus initiatives offset external headwinds. (Reuters)
July 2026 traffic figures showed 3,061,053 passengers, with ASK and RPK both up 6% and a load factor of 92.0%, reflecting resilient demand across its European network. (Reuters)
The group’s liquidity position remained robust at NOK 13.7 billion at the end of Q2 2026, providing a strong cash buffer against market volatility. (Reuters)
The group reported a second-quarter operating loss of NOK 603 million in Q2 2026, wider than analysts’ forecast of NOK 517 million, due to elevated fuel prices and the Supreme Court’s EU ETS ruling. (Reuters)
Unit costs excluding fuel rose 6% year-over-year to 0.76 crowns per seat in Q2 2026, indicating persistent cost pressures on operations. (Reuters)
The Supreme Court-mandated one-off EU ETS charge of NOK 733 million in June directly weighed on the company’s profitability in Q2 2026. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 23 Aug 2026.
Upcoming events
No upcoming events
Funds containing NAS
AllEURGBPUSD
Fund name | Fund size | Nkr NAS weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.04% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.04% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.