Norwegian posts 1Q net loss on rapid expansion

Credit: Norwegian
Norwegian Air Shuttle reported a first-quarter net loss of NOK46.2 million ($5.9 million), compared with a net loss of NOK1.5 billion in the year-ago period, helped by a NOK1.9 billion financial gain from reclassification of its investment in bank Norwegian Finans Holding. LCC Norwegian has been...
Helen Massy-Beresford

Based in Paris, Helen Massy-Beresford covers European and Middle Eastern airlines, the European Commission’s air transport policy and the air cargo industry for Aviation Week & Space Technology and Aviation Daily.

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