Norwegian Air S Share Price (0FGH)

Things might change here for the better once all the restrictions are over, I think we are closer to the end of the pandemic.

Hold for long term.

GLA.

Hopefully. Hopefully. This is one of my long term holds and I think if there's a strong post covid recovery, we will look very good indeed.

Looks very positive and promising to me, one for the future I guess.

LTH.

GLA.

The company value simplicity when travelling and thanks to the
Norwegian Travel Assistant app and the award-winning loyalty programme
‘Norwegian Reward’, which counts over four million members, passengers can
easily control every aspect of their journey. Onboard, Norwegian continues to
offer a modern and comfortable flying experience with free WiFi available for
all passengers.
”The results continue to be heavily impacted by international travel
restrictions. However, Norwegian is now in a much stronger financial position
and is able to plan for the future with renewed confidence and focus. Forward
bookings continue to increase in response to the relaxation of travel
restrictions and the roll out of international vaccination programmes. We expect
to see this trend continue in the remaining months in 2021 and through 2022,”
Karlsen continued.

Cash and cash equivalents were NOK 7,475 million at the end of first half of
2021, an increase of NOK 4,808 million compared with the end of 2020. Norwegian
now has a fully reconstructed balance sheet with close to zero net
interest-bearing debt, a strong cash position and a rightsized business.

Fornebu 31 August 2021
Norwegian Air Shuttle ASA

For further information, please contact:
Tore Østby, Norwegian Air Shuttle ASA, phone: +47 995 464 00

Important information

This release is an announcement issued pursuant to legal information obligations
and is subject of the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act and the Market Abuse Regulation (MAR) Article
17 no. 1

Press release

Norwegian Air Shuttle ASA (NAS): Q2 and first half 2021 report and presentation

31 Aug 2021 07:00 CEST

Company Name

NORWEGIAN AIR SHUTTLE, Norwegian Air Shuttl ASA 15/19 7,25% EUR, Norwegian Air Shuttle ASA 17/20 FRN SEK, Norwegian Air Shuttle ASA 17/20 FRN, Norwegian Air Sh ASA 20/PERP 0 pct SEK CONV, Norwegian Air Sh ASA 20/PERP 0 pct EUR CONV, Norwegian Air Sh ASA 20/PERP 0 pct USD CONV

ISIN

NO0010196140, NO0010753437, NO0010783459, NO0010809940, NO0010883473, NO0010883416, NO0010883515

Market

Oslo Børs

Symbol

NAS

Norwegian today reported its second quarter results and published the H1 2021
financial report. The results continued to be impacted by COVID-19 and travel
restrictions in all markets. However, following the successful completion of the
reconstruction process and the subsequent NOK 6 billion equity raise, the
company is now well positioned for future growth and to respond to increased
customer demand.

Geir Karlsen, CEO of Norwegian, said: “The H1 financial report and Q2 results
mark a clear improvement in both the financial situation, due to lower operating
costs and the successful completion of the reconstruction process of the
company, and the gradual ramp up of our operations in response to increased
passenger demand.”

Profit before tax (EBT) was NOK 1,590 million in the first half of 2021,
compared with a loss of NOK 4,792 million in the same period in 2020. For the
first half of 2021, production (ASK) was reduced by 94 percent compared to the
same period last year. Total revenue in the first half of 2021 was NOK 591
million, compared with NOK 7,138 million in the same period last year, a
decrease of 92 percent. Unit revenue increased by 22 percent following a yield
increase of 93 percent and a decreased load factor by 28.8 percentage points.
Average sector length decreased by 62 percent. At the end of first half of
2021, the total fleet comprised 51 aircraft. Up to 32 aircraft were operational
during the first half of 2021 due to travel restrictions and lower demand.
In the second quarter of 2021, the company successfully exited the examinership
and reconstruction process which improved equity by NOK 10.7 billion.

Norwegian has committed to be a price leader in the Nordic markets, offering
affordable fares and a reliable service to more than 250 routes across its
European network. The company value simplicity when travelling and thanks to the
Norwegian Travel Assistant app and the award-winning loyalty programme
‘Norwegian Reward’, which counts over four million members, passengers can
easily control every aspect of their journey. Onboard, Norwegian continues to
offer a modern and comfortable flying experience with free WiFi available for
all passengers.
”The results continue to be heavily impacted by international travel
restrictions. However, Norwegian is now in a much stronger financial position
and is able to plan for the future with renewe