Norwegian Air Beats Profit Estimates But Cuts Capacity
Norwegian Air reported a third-quarter operating profit that beat analyst estimates driven by strong passenger demand. However, the budget airline cut upcoming capacity due to rising jet fuel costs and the suspension of some Middle East routes.
Xurve View
Insights:
Xurve View
Norwegian Air Shuttle AS posted third-quarter operating profit of 2.7 billion Norwegian crowns ($289.4M) on Wednesday, beating analyst estimates of 2.3 billion crowns.
