Budget carrier Norwegian Air Shuttle reported a net profit of NOK322 million ($54 million) for the financial year ended Dec. 31, 2013, down from NOK457 million for the previous year. It was the seventh consecutive year of profit for the Oslo-based airline, but managing director and CEO Bjørn Kjos said the carrier “had hoped to report better margins,” especially in view of an 8% reduction in unit cost. “Profit was set back by teething problems with our [Boeing 787] ...

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