Norwegian Air Shuttle Management
Management criteria checks 2/4
Norwegian Air Shuttle's CEO is Geir Karlsen, appointed in Jun 2021, has a tenure of 3.75 years. total yearly compensation is NOK9.34M, comprised of 59.6% salary and 40.4% bonuses, including company stock and options. directly owns 0.068% of the company’s shares, worth NOK7.58M. The average tenure of the management team and the board of directors is 3.4 years and 3.5 years respectively.
Key information
Geir Karlsen
Chief executive officer
NOK 9.3m
Total compensation
| CEO salary percentage | 59.6% |
| CEO tenure | 3.8yrs |
| CEO ownership | 0.07% |
| Management average tenure | 3.4yrs |
| Board average tenure | 3.5yrs |
Recent management updates
Recent updates
Is Now An Opportune Moment To Examine Norwegian Air Shuttle ASA (OB:NAS)?
Mar 13
Here's Why Norwegian Air Shuttle (OB:NAS) Can Manage Its Debt Responsibly
Feb 10Norwegian Air Shuttle ASA's (OB:NAS) Earnings Are Not Doing Enough For Some Investors
Jan 14Returns On Capital Are Showing Encouraging Signs At Norwegian Air Shuttle (OB:NAS)
Dec 03Norwegian Air Shuttle (OB:NAS) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Nov 02An Intrinsic Calculation For Norwegian Air Shuttle ASA (OB:NAS) Suggests It's 50% Undervalued
Oct 24Does Norwegian Air Shuttle (OB:NAS) Have A Healthy Balance Sheet?
Sep 11Is Now An Opportune Moment To Examine Norwegian Air Shuttle ASA (OB:NAS)?
Aug 01Lacklustre Performance Is Driving Norwegian Air Shuttle ASA's (OB:NAS) 28% Price Drop
Jul 05Should You Be Adding Norwegian Air Shuttle (OB:NAS) To Your Watchlist Today?
Jun 21Norwegian Air Shuttle (OB:NAS) Has A Pretty Healthy Balance Sheet
May 30Need To Know: Analysts Are Much More Bullish On Norwegian Air Shuttle ASA (OB:NAS) Revenues
May 01Is Now The Time To Look At Buying Norwegian Air Shuttle ASA (OB:NAS)?
Mar 11Earnings Not Telling The Story For Norwegian Air Shuttle ASA (OB:NAS) After Shares Rise 25%
Feb 07Here's Why We Think Norwegian Air Shuttle (OB:NAS) Might Deserve Your Attention Today
Jan 28Norwegian Air Shuttle ASA's (OB:NAS) Earnings Are Not Doing Enough For Some Investors
Dec 23Norwegian Air Shuttle's (OB:NAS) Earnings Offer More Than Meets The Eye
Nov 10These 4 Measures Indicate That Norwegian Air Shuttle (OB:NAS) Is Using Debt Extensively
Oct 24Health Check: How Prudently Does Norwegian Air Shuttle (OB:NAS) Use Debt?
May 22Norwegian Air Shuttle ASA's (OB:NAS) Shares Leap 29% Yet They're Still Not Telling The Full Story
Feb 23Is Norwegian Air Shuttle (OB:NAS) Using Debt In A Risky Way?
Jan 25What Does Norwegian Air Shuttle ASA's (OB:NAS) Share Price Indicate?
Dec 13Is Norwegian Air Shuttle (OB:NAS) A Risky Investment?
Oct 20Is It Time To Consider Buying Norwegian Air Shuttle ASA (OB:NAS)?
Sep 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | n/a | n/a | NOK 1b |
| Sep 30 2024 | n/a | n/a | NOK 2b |
| Jun 30 2024 | n/a | n/a | NOK 2b |
| Mar 31 2024 | n/a | n/a | NOK 2b |
| Dec 31 2023 | NOK 9m | NOK 6m | NOK 2b |
| Sep 30 2023 | n/a | n/a | NOK 1b |
| Jun 30 2023 | n/a | n/a | NOK 219m |
| Mar 31 2023 | n/a | n/a | NOK 943m |
| Dec 31 2022 | NOK 6m | NOK 6m | NOK 920m |
| Sep 30 2022 | n/a | n/a | NOK 1b |
| Jun 30 2022 | n/a | n/a | NOK 428m |
| Mar 31 2022 | n/a | n/a | NOK 2b |
| Dec 31 2021 | NOK 16m | NOK 5m | NOK 2b |
| Sep 30 2021 | n/a | n/a | -NOK 15b |
| Jun 30 2021 | n/a | n/a | -NOK 16b |
| Mar 31 2021 | n/a | n/a | -NOK 22b |
| Dec 31 2020 | NOK 10m | NOK 5m | -NOK 23b |
| Sep 30 2020 | n/a | n/a | -NOK 8b |
| Jun 30 2020 | n/a | n/a | -NOK 6b |
| Mar 31 2020 | n/a | n/a | -NOK 3b |
| Dec 31 2019 | NOK 12m | NOK 7m | -NOK 2b |
| Sep 30 2019 | n/a | n/a | -NOK 3b |
| Jun 30 2019 | n/a | n/a | -NOK 3b |
| Mar 31 2019 | n/a | n/a | -NOK 3b |
| Dec 31 2018 | NOK 3m | NOK 2m | -NOK 1b |
Compensation vs Market: Geir's total compensation ($USD885.99K) is above average for companies of similar size in the Norwegian market ($USD653.40K).
Compensation vs Earnings: Geir's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Geir Karlsen (59 yo)
3.8yrs
Tenure
NOK 9,339,000
Compensation
Mr. Geir Magne Karlsen serves as Chief Executive Officer in Norwegian Air Shuttle ASA since June 21, 2021. He had been Chief Financial Officer of Norwegian Air Shuttle ASA since April 2018 until June 2021...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 3.8yrs | NOK 9.34m | 0.068% NOK 7.6m | |
| Chief Financial Officer | 2.8yrs | NOK 4.57m | 0.0095% NOK 1.1m | |
| Chief Operation Officer | less than a year | NOK 1.71m | no data | |
| Chief Communications & Public Affairs Officer | 16.2yrs | NOK 3.13m | 0.0053% NOK 595.5k | |
| Chief People Officer | 4.8yrs | NOK 3.39m | 0.018% NOK 2.1m | |
| Chief IT & Business Services Officer | 5.1yrs | NOK 3.84m | 0.025% NOK 2.8m | |
| Chief Commercial Officer | 3.4yrs | NOK 3.65m | 0.00067% NOK 75.1k | |
| Chief Executive Officer of Widerøe | less than a year | NOK 5.17m | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Norwegian Head of Environmental Sustainability | no data | no data | no data | |
| Chief Performance Officer | less than a year | no data | 0.0024% NOK 274.8k |
3.4yrs
Average Tenure
49yo
Average Age
Experienced Management: NAS's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | less than a year | no data | 0.0010% NOK 116.6k | |
| Independent Director | 3.8yrs | NOK 627.00k | 0.061% NOK 6.9m | |
| Independent Director | 1.3yrs | no data | 0.00094% NOK 105.4k | |
| Independent Chairman of Board | 3.8yrs | NOK 1.13m | 0.20% NOK 22.4m | |
| Employee Representative Director | 6.1yrs | NOK 150.00k | 0.00032% NOK 35.9k | |
| Employee Representative Director | 6.1yrs | NOK 150.00k | 0.00010% NOK 11.2k | |
| Employee Representative Director | 3.2yrs | NOK 150.00k | no data | |
| Independent Director | 1.8yrs | NOK 100.00k | 0.0039% NOK 435.1k |
3.5yrs
Average Tenure
56yo
Average Age
Experienced Board: NAS's board of directors are considered experienced (3.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/24 03:25 |
| End of Day Share Price | 2025/03/21 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Norwegian Air Shuttle ASA is covered by 26 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Kenneth Sivertsen | Arctic Securities ASA |
| Andrew Lobbenberg | Barclays |