The low-cost carrier recorded losses of NOK 691 million (£65 million) during Q2 2017, a near one billion NOK swing over the past 12 months during a “peak growth phase”.
Its turnaround comes amid interest from British Airways owner IAG, which has already had two bids for the Oslo-based carrier rejected after taking a 4.61% stake, and Lufthansa.
Norwegian says growth will slow and ramp-up costs decrease, in line with strategy. Its results have been boosted by a 19% cut in unit costs (9% with fuel), and one-off cost reductions.
This was despite Norwegian recording record production (48%) and traffic (46%) growth, and increasing fuel prices.
