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Latest Aviation News Air transport RISING FUEL COSTS HURT BUDGET CARRIER NORWEGIAN

Rising fuel costs hurt budget carrier Norwegian

AFP
27/04/2017 | 298 words
Low-cost airline Norwegian Air Shuttle posted on Thursday a larger than expected quarterly loss due to rising fuel prices, a strong local currency and calendar effects. The third largest low-cost carrier in Europe after Ryanair and Easyjet lost nearly 1.5 billion kroner (158.5 million euros, nearly $173 million) in the first quarter after losing 800 million kroner a year earlier.Its share price promptly dropped at the opening on the Oslo stock exchange, falling by 3.4 percent, but then recovered to post a 3.6 percent rise around 0800 GMT."In this (...)
 
 
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