Norwegian Earned NOK 2.5 Billion in the Third Quarter
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The Norwegian Group delivered an operating margin of over 21 percent in the third quarter despite rising fuel costs. However, the company is downgrading its expectations for capacity growth this year. "Norwegian is flying higher than expected," says an analyst.
Delivered better than expected, despite high fuel prices.
The Norwegian airline Norwegian reports an unexpectedly high profit for the third quarter of the year. The operating profit of 2.7 billion Norwegian kroner can be compared with an average forecast among analysts of 2.3 billion, according to Bloomberg. The number of passengers during the quarter is summed up to 8.75 million, of which 7.64 million flew with Norwegian and 1.1 million with Widerøe. The cabin factor – which indicates how well-filled …
Once again, the airline industry is hard hit by expensive fuel – but Norwegian is delivering better than expected.
VG
E24Norwegian's profit was higher than expected in the third quarter. The stock has fallen in response to the release of the figures.
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