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Norwegian slams Boeing 737 Max grounding

by LLB Editor
13th Feb 20 10:50 am

Norwegian Air has said its business has been “negatively impacted” by the global grounding of the Boeing 737 Max plane as it unveiled another quarterly loss.

The company said it lost 1.87bn Norwegian crowns (£155m) in the last three months of 2019. That was better than the firm’s loss of 3bn crowns a year earlier, but still worse than forecast.

Norwegian added that 2019 had been “a challenging year for the industry, marked by a tough trading environment”. However, it said it had achieved planned cost savings of 2.3bn crowns and was targeting a net profit in 2020 after three years of losses.

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