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Tunniste / Q1/2017

Norwegian reports passenger growth and a negative result in a seasonally weak first quarter

Norwegian reports passenger growth and a negative result in a seasonally weak first quarter

Lehdistötiedotteet   •   Huhti 27, 2017 08:02 EEST

Norwegian today reported its first quarter results for 2017 with a result of -1.5 billion NOK. Despite strong passenger growth, higher fuel costs, tough competition and a stronger NOK (Norwegian crown) contributed to the negative result. This year’s Easter led to a shift of income over to April, as last year’s Easter was in March. The company launched 39 new routes this quarter.