Norwegian Air reveals its biggest ever year of growth in 2018
Low-cost airline Norwegian reveals its plans for 2018 as the carrier’s rapid expansion could take the airline to new heights. The fast-growing group has become a disruptive force within the European airline industry over the past few years, leading the charge in bringing down the cost of long-haul flying and forcing rivals to respond.
Norwegian’s expansion continues and here are five developments to expect from the airline in 2018, according to the current financial statement:
- Norwegian will launch its first route to South America with a new direct service from London Gatwick to Buenos Aires.
- Norwegian will introduce an expanded Premium cabin on its 20 Boeing 787 Dreamliners which will have 60% more seats for passengers wanting an enhanced experience.
- Norwegian will add smaller US hubs, such as Chicago and Austin to its growing list of long-haul destinations from Gatwick.
- Norwegian will add 11 Boeing 787 Dreamliners to its fleet in 2018 which are exclusively used on long-haul routes from Gatwick. Later in 2018, Norwegian will begin to rollout inflight Wi-Fi on long-haul routes that will keep passengers connected in the skies.
- Norwegian will increase the number of flights from Gatwick to Boston, Oakland-San Francisco and to Los Angeles.
The future performance will depend on various corporate-, industry- and economic factors. Investors should consider the risks before taking any investment decisions. The performance of the underlying might differ from investors’ expectations and lead to a potential capital loss.
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Technical analysis
Currently Norwegian Air Shuttle shares are traded at NOK 215.00 (05.01.2018). The stock reached its annual high at NOK 302.50 (05.01.2017) and its low at NOK 169.50 (08.11.2017). The twelve-month target price is estimated with NOK 219.21. Norwegian Air current market capitalization equals NOK 7.64 billion. BofAML just upgraded the recommendation on Norwegian Air Shuttle ASA to buy from underperform. Norwegian Air had 8 buy recommendations, 2 holds and 9 sells previously. From a technical analyst point of view, Norwegian Air Shuttle ASA shares closed above their 50-day moving average of NOK 193.34 (as of 05.01.2018). The Relative Strength Index (RSI) moved from neutral to overbought since beginning of the year, and the MACD indicates an upward trend, according to Bloomberg.
The future share performance will depend on various corporate-, industry- and economic factors. Investors should consider the risks before taking any investment decisions. The performance of the underlying might differ from investors’ expectations and lead to a potential capital loss.
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