Norwegian airline posts Q4 loss on heavy investments
Tue, Feb 18, 2014 - 6:00 AM
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...