Norwegian Air shares fall after weak December traffic data

Norwegian Air Shuttle ASA

07/01/2026 08:43

** Shares in Norwegian Air Shuttle NAS.OL fall more than 3% after the budget airline reported December traffic figures

** Norwegian's capacity (ASK) was 2,374 million seat kilometres in December, down 5% percent compared with December 2024

** Pareto Securities analysts say yields were weaker than expected, being flat vs an expected rise of 2-3%, which offset a solid improvement in load factor

** Pareto attributes the yield softness mainly to tougher competition in Denmark and Finland, and weaker performance in Northern Norway after capacity additions

** The analysts estimate Q4 revenue of NOK 8.55-8.60 billion ($849-854 million), roughly in line to slightly below market consensus, and say the monthly update could trigger a negative share reaction

($1 = 10.0710 Norwegian crowns)

(Reporting by Agnieszka Olenska)

((Agnieszka.olenska@thomsonreuters.com))