Norwegian Air said it returned to profit in the second quarter from losses in the first quarter of the year as travel restrictions eased, but added that high fuel costs will have a negative impact on results for the year. The low-cost airline posted a net profit of 1.25 billion crowns ($129.5 million) for the […]
Tag: Norwegian Air
Norwegian Air: Pre-tax losses shrank in the quarter, revenue increased
Norwegian Air Shuttle announced that pre-tax losses shrank and revenue increased, thanks to increased passenger demand in the first quarter as coronavirus restrictions eased. The low-cost carrier reported a loss of 1.03 billion kroner ($ 104.3 million) before taxes, up from a loss of 1.19 billion kronor a year ago. Total revenue rose to 1.92 […]