The airline has reported earnings before tax of 1.6 billion Norwegian crowns (£149 million) for the third quarter 2018, lagging forecasts. Analysts polled by Reuters had been expecting third-quarter net income to come in at around 1.74 billion crowns.
The company continued to reduce its unit costs despite a capacity growth of 33%. But the unit cost is now expected in a range of 0.435-0.440 Norwegian crowns, up from a previous guidance of 0.425-0.430 crowns, Bloomberg reports. The airline blamed higher fuel prices for the increase.
