|Bid||0.00 x N/A|
|Ask||9.45 x N/A|
|Day's Range||9.15 - 9.15|
|52 Week Range||9.15 - 9.15|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
OSLO (Reuters) -Norwegian Air shares rose on Wednesday after reporting an increase in third-quarter net profit boosted by recovery from the pandemic and a pilot strike at rival SAS, but said it would reduce capacity by a quarter during winter. Norwegian, which came close to collapse when the pandemic broke out in 2020, posted quarterly revenue of 7.1 billion crowns ($688 million), the highest of any quarter since the final three months of 2019, according to Refinitiv Eikon data. Net profit for the three-months ending Sept. 30 rose to 910 million crowns ($87.57 million) from a year-ago profit of 169 million, Norwegian said.
After sweeping job and pay cuts when COVID-19 brought travel to a grinding halt, staff across the industry from pilots to baggage handlers are asking for big pay increases and better working conditions. ** European flights faced widespread disruption on Sept. 16 as a French air traffic controllers' strike forced airlines to cancel half of those scheduled to arrive or depart Paris airports and others due to have flown over France. Ryanair said the travel plans of 80,000 passengers had been affected as it cancelled 420 flights, mainly intended to fly over France.
Norwegian Air reported a second-quarter net profit on Thursday amid a surge in demand for air travel in Europe after pandemic restrictions were lifted, and was helped by reversal of an impairment charge related to its dispute with Boeing. Norwegian, which had been in the red in the first quarter, warned that surging fuel costs would affect full-year earnings but also said strong demand for travel was giving it some room to raise ticket prices to offset high energy prices. Its April-June net profit of 1.25 billion crowns ($129.5 million) was boosted by a reversal of a previous 2.1 billion-crown impairment charge, triggered by the resolution to a long-standing conflict with aircraft maker Boeing.