Norwegian rises after Q3 EBITDA beat

By Reuters News

** 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)

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