17-Feb-2011 4:59 PM
Norwegian Air Shuttle reports fourth quarter loss, Pegasus Airlines applies for IPO
Analysis
Norwegian Air Shuttle has fallen to a fourth quarter loss of EUR4.1 million and reported a 58% decline in full-year net profits to EUR24.4 million as fuel costs spiked almost 50% for the airline. Shares in Norwegian finished closed 0.8% lower, on a generally positive day for European-listed carriers.
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