Norwegian’s loss widens in the fourth quarter

Norwegian Air Shuttle (Norwegian.com) Boeing 737-8JP WL LN-DYI (msn 40866) (Aasmund Olavsson Vinje) LGW (Terry Wade) (latest delivery), originally uploaded by Airliners Gallery.

Norwegian Air Shuttle (Oslo) reported its fourth quarter loss widened to $23 million due to strong competition and rising fuel costs, despite taking delivery of more fuel-efficient Boeing 737-800s.

The company was still able to produce a $21 million net profit for 2011.

Read the full report from Norwegian: CLICK HERE

The expanding airline is looking at adding long-range routes to Bangkok, Beijing, Hong Kong and New York with the delivery of the pending Boeing 787 Dreamliners.

Read the full report from Bloomberg: CLICK HERE

Norwegian Photo Gallery: CLICK HERE

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This entry was posted in Norwegian Air Shuttle and tagged Norwegian Air Shuttle on February 16, 2012 by Bruce Drum.

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