Norwegian 737-800. Courtesy, Norwegian Norwegian Air Shuttle (DY) reported a first-quarter net loss of $49.8 million, a slight improvement on its loss of $51 million for the year-ago period (ATW Daily News, April 29, 2011). DY president and CEO Bjorn Kjos said the results were due to the first quarter being a traditionally weak period, combined with “particularly challenging” oil prices, up some 15% compared to the same period last year. Revenue rose 25% to $412 million ...

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