Norwegian Air Shuttle reported a first-quarter net loss of NOK46.2 million ($5.9 million), compared with a net loss of NOK1.5 billion in the year-ago period, helped by a NOK1.9 billion financial gain from reclassification of its investment in bank Norwegian Finans Holding. LCC Norwegian has been expanding rapidly, adding a raft of new destinations and increasing its fleet, but its swift growth has led to rising debt and last month it issued new shares to help fund its plans, warning that ...

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