Low-cost carrier (LCC) Norwegian reported a 2016 net profit of NOK1.1 billion ($131.6 million), more than quadrupling its NOK246 million net result in 2015. Full-year revenue for the carrier rose 15.8% to NOK26.1 billion. Norwegian CEO Bjørn Kjos described the results as “our best ever.” Norwegian’s 2016 operating expenses increased 6.9% to NOK20.1 billion; full-year operating profit was NOK1.8 billion, a fivefold increase over NOK347.8 million in 2015 operating ...

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