Norwegian Air jumps as Q1 loss narrows

Norwegian Air Shuttle ASA

28/04/2026 08:20

** Shares in Norwegian Air Shuttle NAS.OL rise around 4.5% after the budget airline Q1 EBIT loss narrowed more than expected

** The airline reported a Q1 EBIT loss of NOK 220 million ($23.64 million), significantly narrower than the NOK 954 million expected by market consensus

** The beat was driven by stronger-than-expected cost control and lower unit costs excl. fuel, according to Pareto analysts

** "Should be a relief to see NAS entering a tougher period on a stronger note, with cost control ahead, a robust market outlook, and jet fuel availability still not a real concern," says Pareto

** "Importantly, NAS notes that they remain comfortable with jet fuel availability (still 45% hedged) thanks to their neat regional positioning," it adds

** Tuesday's gains added about 632.5 million Norwegian crowns to the company's market capitalisation

($1 = 9.3081 Norwegian crowns)

 (Reporting by Agnieszka Gosciak-Rabalska)

 ((Agnieszka.Gosciak@thomsonreuters.com; +48 58 769 66 00;))