Norwegian Air Shuttle ASA (OSL:NAS)
kr 11 -0.05 (-0.45%) Market Cap: 10.60 Bil Enterprise Value: 14.49 Bil PE Ratio: 8.25 PB Ratio: 1.50 GF Score: 70/100
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Q3 2022 Norwegian Air Shuttle ASA Earnings Call Transcript

Oct 26, 2022 / 06:30AM GMT
Release Date Price: kr8.1 (+9.37%)
Jesper M. Hatletveit
Norwegian Air Shuttle ASA - VP of IR

Welcome to the third quarter presentation for Norwegian Air Shuttle. My name is Jesper Hatletveit, and I am the VP of Investor Relations here at Norwegian. Today's presentation will be held by CEO, Geir Karlsen, and CFO, Hans-Jorgen Wibstad who will be followed by Q&A from the audience and the web.

Please go ahead, Geir.

Geir Magne Karlsen
Norwegian Air Shuttle ASA - CEO

Thank you. Jesper, and good morning, everyone. Welcome to the third quarter 2022 financial release. I think if you look at the highlights for the quarter, I mean, I think it's good to finally be able to have a summer that is closely at least back to normal. We were entering the summer with a hope that it would be normal and it turned out to be close to normal. We had a huge ramp-up over the spring, meaning that we brought in a lot of new colleagues and we had also a lot of new deliveries of aircraft coming in for the summer season.

Unluckily, we saw that we had a few late deliveries of aircraft and we had some

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