Norwegian Air Shuttle said it realized "the best annual result" in its history with a 2009 net profit of NOK446 million ($75.5 million) compared to earnings of NOK3.9 million in 2008. "I am very pleased with reporting positive results in a time where the industry is facing challenging market conditions," CEO Bjorn Kjos said. "I am especially pleased with our cost reductions and improved competitiveness." Full-year revenue for the Scandinavian LCC rose 17% to NOK7.3 billion, with turnover on ...

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