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 ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.