Norwegian airline posts Q4 loss on heavy investments

[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 expansion into South-east Asia and the United States.

Norwegian Air, Europe's third-largest low-cost airline by passengers carried, swung to a net loss of 196.8 million Norwegian kroner (S$40.7 million), from a net...

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