Budget carrier Norwegian Air Shuttle reported a second-quarter net profit of NOK128 million ($20.6 million), down 35% from a net profit of NOK196.8 million reported in the year-ago period. The airline said the quarter reflected strong growth in passenger numbers and a record high load factor, but had been adversely affected by “significant, one-off costs, a weak Norwegian currency and high oil prices.” A strike by the Parat labor union earlier this year cost the airline more than ...

Subscribe to Access this Entire Article

"One-off costs hit Norwegian’s 2Q profit level" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? Log in here.