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Norwegian Air Shuttle ASA ( (GB:0FGH) ) has issued an update.
Norwegian Air Shuttle ASA has revised its full-year 2024 operating profit forecast to approximately NOK 1,850 million, down from the initial estimate due to the weakening of the NOK against the USD. This currency fluctuation has led to increased operating expenses and a notable rise in unit costs, impacting financial results and highlighting the company’s vulnerability to foreign exchange rate changes.
More about Norwegian Air Shuttle ASA
Norwegian Air Shuttle ASA operates in the airline industry, providing air transportation services. The company focuses on offering affordable flights across various destinations, primarily in Europe.
YTD Price Performance: -3.64%
Average Trading Volume: 220,659
Technical Sentiment Consensus Rating: Buy
Current Market Cap: NOK10.2B
For a thorough assessment of 0FGH stock, go to TipRanks’ Stock Analysis page.
