Norwegian airline turns loss into profit in first quarter

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Norwegian airline turns loss into profit in first quarter
Photo: Erik Flaaris Johansen/NTB/TT

This compares with a loss of SEK 611 million in the same period last year. The results were positively affected by a stronger Norwegian krone and gains from fuel hedging, the company says in its interim report.

"Although we are pleased that overall demand looks good, we are navigating a complex and unpredictable market with both economic and political uncertainty. Despite this, we had a positive development in the first quarter with stable and reliable operations and good cost control," says Norwegian's CEO Geir Karlsen in a press release.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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