Norwegian posts $36.4 million loss in 2017 on expansion, higher fuel costs
LCC Norwegian reported a NOK299 million ($36.4 million) net loss for 2017, a sharp reversal from a NOK1.13 billion net profit in 2016. The LCC cited rapid expansion, increased fuel prices and disruption-related costs for the loss. “We are not at all satisfied with the 2017 results,” Norwegian CEO...
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