Credit FT
Some meat on the bone or not as the case may be.
Norwegian makes bigger than expected net loss
Budget carrier struggles to control costs as it rapidly expands into long-haul arena
The airline's desire to lead the market in low-cost transatlantic flights has led to turbo-charged growth over the past five years.
Norwegian Air Shuttle made a bigger than expected net loss in the last three months of 2017, as the budget carrier struggled to control costs as it rapidly expanded into low-cost long-haul flying.
The airline has become a disruptive force in the European airline industry over the past few years, leading the charge in bringing down the cost of long-haul flying and forcing rivals to respond with their own budget services.
But Norwegian’s fourth-quarter results, which saw the Scandinavian carrier swing to a net loss of NKr919m ($117m) from a profit of NKr197m a year ago, has added to growing concerns about its rapid expansion and the pressure this is putting on costs.