Low-cost carrier Norwegian Air Shuttle more than doubled its second-quarter profit compared to the same period in 2012. It posted after-tax earnings of NOK196.8 million ($32.2 million), up from NOK90.5 million year-over-year. Revenue for the period was NOK4 billion, up 27% over the year-ago period. The airline noted that during the quarter it saw fully booked flights and had a 9% reduction in costs. The company said the profits were achieved despite start-up costs associated with ...

Subscribe to Access this Entire Article

"Norwegian more than doubles 2Q 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? ATWPlus@penton.com.