Norwegian Air lowers earnings guidance due to currency issues and Boeing strike; stock slumps.

From Investing.com: 2025-01-13 05:44:24

Norwegian Air Shuttle revises full-year earnings guidance due to increased costs from weakening Norwegian krone. Shares drop 6% in response to 75 million NOK surge in expenses in Q4. Weakening krone against the dollar also leads to balance-sheet adjustments. Operating profit for 2024 now forecasted at 1.85 billion NOK, down from previous estimates.

The revision in guidance follows scaled-back growth expectations due to Boeing strike in October. Norwegian Air’s fleet consists solely of Boeing 737 aircraft, impacted by delayed deliveries. Strike resulted in smaller fleet expansion than anticipated, affecting capacity growth. Full-year results set to be released on Feb. 13.



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