Norwegian rises after Q3 EBITDA beat

By Reuters News09:52 (UTC), 28 October 2026 Updated

** Shares in Norwegian Air Shuttle <NAS.OL> are up 3% at 0935 GMT, climbing gradually since the market open, after the carrier posted its third-quarter core earnings ahead of expectations

** Adjusted EBITDA came in about 7% above consensus, with brokerage Pareto Securities pointing to lower-than-assumed fuel costs, FX and hedging effects

** Pareto also highlights a marked improvement in booking momentum, with winter ticket sales running well ahead of last year

** The broker says current yield pressure appears temporary, and it expects fares to improve as sector capacity growth and hedging headwinds ease from December onward

** While unit costs came in slightly above forecasts, unchanged FY 2026 guidance suggests limited implications for earnings estimates, Pareto adds

** Today's gains added 354.0 million Norwegian crowns ($37.94 million) to the company's market cap

($1 = 9.3297 Norwegian crowns)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.