Losses at Norwegian Air Irish subsidiary top E170m
Norwegian Air Shuttle’s Irish subsidiary lost more than E170m on the sale of European flights last year, the latest figures show. The group’s Irish arm, Norwegian Air International, began flying from Ireland to the north-eastern US in July. Accounts just filed for the company show it lost US$205m (E172.5m) in 2016, almost 4 times the $60m shortfall recorded in 2015. Revenue more than doubled to $1.52b from $720m. The figures cover Norwegian’s flights within Europe in 2016, not revenue from routes launched from this country in July, which will be included in accounts published in 2018. A spokesman said Norwegian Air International is likely to launch further long-haul services from Ireland and western Europe next year. “That is part of what we are finalising at the moment,” he explained. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-09-14/unaligned/losses-at-norwegian-air-irish-subsidiary-top-e170m
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Losses at Norwegian Air Irish subsidiary top E170m
Norwegian Air Shuttle’s Irish subsidiary lost more than E170m on the sale of European flights last year, the latest figures show. The group’s Irish arm, Norwegian Air International, began flying from Ireland to the north-eastern US in July. Accounts just filed for the company show it lost US$205m (E172.5m) in 2016, almost 4 times the $60m shortfall recorded in 2015. Revenue more than doubled to $1.52b from $720m. The figures cover Norwegian’s flights within Europe in 2016, not revenue from routes launched from this country in July, which will be included in accounts published in 2018. A spokesman said Norwegian Air International is likely to launch further long-haul services from Ireland and western Europe next year. “That is part of what we are finalising at the moment,” he explained. <br/>
