Feb 13 • 06:27 UTC 🇳🇴 Norway Aftenposten

Will distribute 844 million to shareholders

Norwegian Air Shuttle plans to distribute 844 million NOK to shareholders despite reporting weaker than expected operating results for the fourth quarter of the year.

Norwegian Air Shuttle has announced plans to distribute 844 million Norwegian kroner to its shareholders, reflecting a commitment to returning value even amidst challenging financial conditions. The company's fourth-quarter results revealed an operational income of 8.52 billion kroner, an increase compared to the same quarter last year, but the operating result fell short of analysts' expectations, coming in at 21 million kroner versus a forecast of 217 million. This indication of operational struggle highlights the tough realities faced by airlines during typically weak quarterly periods.

In terms of broader performance metrics, Norwegian's results show a gradual improvement as the company reported losses narrowing from the previous year's performance. The pre-tax result saw a notable reduction in losses amounting to 173 million kroner, a slight improvement from 222 million kroner in the same quarter last year. While the revenue is showing growth, the performance is tempered by high operational costs and the ongoing market challenges that the airline industry faces.

Despite these challenges, the share distribution to shareholders emphasizes Norwegian's strategy of maintaining investor confidence. The focus now will be on how well the airline can adapt to market conditions and improve profitability moving forward, particularly as it navigates the uncertainties in the aviation sector.

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