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