Norwegian’s loss widens in the fourth quarter

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

Copyright Photo: Terry Wade. Please click on the photo for additional information.

Norwegian Photo Gallery: CLICK HERE