Norwegian Air Shuttle said it realized "the best annual result" in its history with a 2009 net profit of NOK446 million ($75.5 million) compared to earnings of NOK3.9 million in 2008. "I am very pleased with reporting positive results in a time where the industry is facing challenging market conditions," CEO Bjorn Kjos said. "I am especially pleased with our cost reductions and improved competitiveness." Full-year revenue for the Scandinavian LCC rose 17% to NOK7.3 billion, with turnover on ...

Subscribe to Access this Entire Article

"Norwegian reports record full-year profit" 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?

Already registered? Log in here.