News: Norwegian sees losses narrow in first quarter

Norwegian has reported a net loss of 46 million Norwegian kroner, or £4.1 million, for the three months ended March 31st.

The figure represents a narrowing of losses from the same period last year, when the carrier lost £80 million.

The quarter was characterised by international expansion, strong passenger growth and higher fuel cost, the carrier said.

A successful private placement of shares was completed during the quarter, at Norwegian sought to reassure investors.

“In this quarter, we in particular see the …
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