However, Norwegian said its ongoing cost-saving measures – part of its planned transition from growth to profitability – helped it reduce its ongoing losses, which fell from from NOK 2.5 billion (£208 million) to NOK 1.7 billion (£141 million) during the 12 months to 31 December 2019.
Norwegian revealed the ongoing grounding of the 737 Max, which was pulled from service last March after two fatal crashes in just five months, contributed to a NOK 1 billion hit (£83 million) as Boeing’s efforts to fix a vital flight control system continue. The carrier has 18 Max aircraft in total.
