Fuel prices cloud Norwegian Air’s improving performance

Published by
Reuters UK

By Victoria Klesty and Terje Solsvik OSLO (Reuters) – Norwegian Air reported a second-quarter net profit on Thursday amid a surge in demand for air travel in Europe after pandemic restrictions were lifted, and was helped by reversal of an impairment charge related to its dispute with Boeing. Norwegian, which had been in the red in the first quarter, warned that surging fuel costs would affect full-year earnings but also said strong demand for travel was giving it some room to raise ticket prices to offset high energy prices. The airline, which came close to collapse in 2020, still made an oper…

Read More

See also  Deiveson Figueiredo def. Joseph Benavidez at UFC on ESPN+ 27: Best photos

Leave a Reply