Norwegian Air Shuttle posts a 2010 profit of $32.4 million

Norwegain Air Shuttle (Norwegian.com) (Oslo) posted a net profit of $32.4 million in 2010. The airline carried more than 13 million passengers in 2010, an increase of 21 percent compared to the previous year.

The low-fare airline lost money in the fourth quarter due to rising fuel costs. Compared to 2009, the fuel costs in the fourth quarter jumped by 63 per cent.

Norwegian received 13 brand new 737-800 aircraft in 2010, and in 2011 an additional 15 will be added to the company’s fleet as it gradually replaces its less fuel-efficient and older 737-300s.

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Copyright Photo: Ton Jochems. Please click on the photo for further information.