Norwegian Due Diligence
Run due diligence on Norwegian: check compliance and get alerts when suppliers change.
Norway · norwegian.com · 14 vendors
Norwegian Air Shuttle ASA, trading as Norwegian, is a leading Nordic aviation company and a low-cost airline. It operates an extensive route network connecting Nordic countries to key European destinations, offering affordable fares and focusing on short-haul flights.
Resilience scores
- Digital Sovereignty: 0
- Digital Resilience: 3
- Financial Resilience: 5
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Insights
Last updated 2026-04-30 · revision 5
14 direct vendors, 211 subvendors
Direct vendors by controlling owner country (sample)
- Spain: 1
- United States: 9
- Japan: 1
Subvendors by controlling owner country (sample)
- Switzerland: 1
- United Kingdom: 5
- Canada: 4
Financials
Three-year financials
- 2023: revenue NOK 48.8B, EBIT NOK 1.8B, equity NOK 28.5B
- 2022: revenue NOK 38.5B, EBIT NOK -1.5B, equity NOK 26.2B
- 2021: revenue NOK 22.5B, EBIT NOK -10.8B, equity NOK 29.1B
Financial Resilience Score: 5/10
Norwegian has significantly repaired its balance sheet post-pandemic, maintaining a solid equity base and returning to positive operating cash flow. The low-cost carrier model provides structural cost advantages, though the airline industry remains highly sensitive to volatile jet fuel prices, fluctuating passenger demand, and elevated interest rates. A diversified European route network and disciplined fleet management offer moderate downside protection against macroeconomic shocks.
Key strengths: Strong post-pandemic balance sheet repair, Low-cost operational structure, Diversified European route network
Risk factors: High exposure to volatile jet fuel prices, Cyclical passenger demand sensitivity, Elevated interest rate environment
Revenue by geography
- Norway: 35%
- Other: 20%
- United Kingdom: 15%
- Spain: 12%
- Italy: 10%
- Germany: 8%
Revenue by product/service
- Passenger flights: 94%
- Cargo & ancillary: 6%
Workforce by country
- Norway: 6200
- United Kingdom: 1500
- Spain: 1200
- Italy: 800
- Poland: 600
- Sweden: 500
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