Norwegian Air Shuttle reported a NOK199.1 million ($33.7 million) first-quarter net loss, sharply higher than the NOK109.6 million deficit it posted in the year-ago quarter. Revenue rose 15% to NOK1.59 billion but operating expenses climbed 20.6%, including a 40% jump in fuel costs. Operating loss deepened to NOK238.5 million from NOK134.1 million in the year-earlier period. But CEO Bjorn Kjos said he was "satisfied with the result," particularly "in light of the strong passenger and ...

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