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Norwegian airline posts Q4 loss on heavy investments

Tuesday, February 18, 2014 - 06:00

In the red: Norwegian Air swung to a net loss of 196.8m Norwegian kroner, from a net profit of 23.6m kroner in the three months ended Dec 31. - PHOTO: BLOOMBERG

[NEW YORK] Norwegian Air Shuttle, the Scandinavian budget carrier, reported a loss for the fourth quarter and sharply lower profits for 2013 as a whole. The declines were the result of heavy investments in new long-distance aircraft and other expenses linked to its rapid and controversial

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