Low-cost carrier Norwegian’s first-quarter net loss was NOK1.5 billion ($173.9 million), widened 86% from a NOK800.1 million loss in the year-ago period. “In this quarter, we particularly see the effects of higher fuel costs combined with a strengthened krone against the British pound, euro and Swedish krone, which accounts for almost half of our sales," Norwegian CEO Bjørn Kjos said. "In addition, the figures are affected by the fact that Easter was not in the ...

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