LCC Norwegian will slash capacity and divest 13 additional aircraft this year in a bid to stem losses, which widened to NOK3 billion ($350 million) in the 2018 fourth quarter from NOK713 million in the year-ago period. Revenue in the fourth quarter grew to NOK9.7 billion, up 23.2% from NOK7.8 billion a year earlier. Net loss for the full-year was NOK1.45 billion compared to a net loss of NOK299 million for 2017. The airline is targeting a net profit in 2019 and insists its strategy shift ...

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