Norwegian Air Shuttle Management
Management criteria checks 3/4
Norwegian Air Shuttle's CEO is Geir Karlsen, appointed in Jun 2021, has a tenure of 4.58 years. total yearly compensation is NOK9.61M, comprised of 61.8% salary and 38.2% bonuses, including company stock and options. directly owns 0.062% of the company’s shares, worth $1.04M. The average tenure of the management team and the board of directors is 4.3 years and 1.2 years respectively.
Key information
Geir Karlsen
Chief executive officer
NOK 9.6m
Total compensation
| CEO salary percentage | 61.82% |
| CEO tenure | 4.6yrs |
| CEO ownership | 0.06% |
| Management average tenure | 4.3yrs |
| Board average tenure | 1.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | NOK 2b |
| Jun 30 2025 | n/a | n/a | NOK 2b |
| Mar 31 2025 | n/a | n/a | NOK 1b |
| Dec 31 2024 | NOK 10m | NOK 6m | NOK 1b |
| Sep 30 2024 | n/a | n/a | NOK 2b |
| Jun 30 2024 | n/a | n/a | NOK 2b |
| Mar 31 2024 | n/a | n/a | NOK 2b |
| Dec 31 2023 | NOK 9m | NOK 6m | NOK 2b |
| Sep 30 2023 | n/a | n/a | NOK 1b |
| Jun 30 2023 | n/a | n/a | NOK 219m |
| Mar 31 2023 | n/a | n/a | NOK 943m |
| Dec 31 2022 | NOK 6m | NOK 6m | NOK 920m |
| Sep 30 2022 | n/a | n/a | NOK 1b |
| Jun 30 2022 | n/a | n/a | NOK 428m |
| Mar 31 2022 | n/a | n/a | NOK 2b |
| Dec 31 2021 | NOK 16m | NOK 5m | NOK 2b |
| Sep 30 2021 | n/a | n/a | -NOK 15b |
| Jun 30 2021 | n/a | n/a | -NOK 16b |
| Mar 31 2021 | n/a | n/a | -NOK 22b |
| Dec 31 2020 | NOK 10m | NOK 5m | -NOK 23b |
| Sep 30 2020 | n/a | n/a | -NOK 8b |
| Jun 30 2020 | n/a | n/a | -NOK 6b |
| Mar 31 2020 | n/a | n/a | -NOK 3b |
| Dec 31 2019 | NOK 12m | NOK 7m | -NOK 2b |
Compensation vs Market: Geir's total compensation ($USD951.83K) is below average for companies of similar size in the US market ($USD5.28M).
Compensation vs Earnings: Geir's compensation has been consistent with company performance over the past year.
CEO
Geir Karlsen (60 yo)
Mr. Geir Magne Karlsen is Director of Møller Mobility Group AS from August 2024. He is Director of Møller Mobility Group AS from August 2024. He served as Chief Executive Officer in Norwegian Air Shuttle A...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 4.6yrs | NOK 9.61m | 0.062% $ 1.0m | |
| Chief Financial Officer | 3.7yrs | NOK 5.13m | 0.0088% $ 147.8k | |
| Chief Operation Officer | 1.7yrs | NOK 2.89m | no data | |
| Chief People Officer | 5.6yrs | NOK 3.64m | 0.017% $ 284.3k | |
| Chief Communications | 17yrs | NOK 3.14m | 0.0050% $ 84.1k | |
| Chief IT & Business Services Officer | 5.9yrs | NOK 3.82m | 0.018% $ 302.2k | |
| Chief Commercial Officer | 4.3yrs | NOK 3.80m | 0.00073% $ 12.2k | |
| Chief Executive Officer of Widerøe | 1.5yrs | NOK 5.11m | 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 | 1.2yrs | no data | 0.0025% $ 41.2k |
Experienced Management: NWAR.F's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Board | less than a year | no data | 0.0062% $ 103.5k | |
| Independent Director | 1.7yrs | NOK 105.00k | 0.0019% $ 31.8k | |
| Independent Director | 2.1yrs | NOK 272.00k | 0.0013% $ 21.6k | |
| Director | less than a year | NOK 1.79m | 0.0082% $ 136.9k | |
| Director | less than a year | no data | 0.00039% $ 6.5k | |
| Employee Representative Director | 6.9yrs | NOK 150.00k | 0.00024% $ 4.0k | |
| Employee Representative Director | 4yrs | NOK 150.00k | 0.000020% $ 335.1 | |
| Employee Representative Director | less than a year | no data | no data |
Experienced Board: NWAR.F's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/16 14:30 |
| End of Day Share Price | 2026/01/16 00:00 |
| Earnings | 2025/09/30 |
| 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 |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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 23 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 |
| Andrew Lobbenberg | Barclays |
| Katherine Somerville | Berenberg |