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Norwegian reports record annual profit

Air
Jennifer Morris
16 February 2017

Low-cost carrier Norwegian has reported its best ever annual profit of £109 million.

Returning to its short-haul roots has paid off for Norwegian

The airline said global expansion driven by new routes, high load factors and continued fleet renewal had contributed to its net 2016 profit of £109 million, a rise of 361% year-on-year.

The 2016 operating profit was £175 million and the company’s total revenue was more than £2.5 billion, an increase of 16%.

The company took delivery of 21 brand new aircraft in 2016 and the load factor increased by 1.5 percentage points to 88%.