Affected by its lack of fuel hedging contracts, Norwegian posted a net loss of NOK43.1 million ($6.9 million) for the quarter ended March 31 compared to a net loss of NOK34.3 million in the year-ago period. The jet fuel bill more than doubled from NOK56.7 million to NOK123.3 million and now represents 21% of the carrier's total operating costs against only 15% in the year-ago quarter. Revenue for the quarter rose 69% to NOK539.1 million on an 86% gain in RPKs to 718 million. The Oslo-based ...

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