Norwegian Air Shuttle's losses widen in 4Q08, with demand continuing to weaken
Scandinavia’s largest LCC, Norwegian Air Shuttle, posted a net loss of EUR17.1 million in 4Q08 (three months ended 31-Dec-08), a worsening from the EUR2.5 million net loss reported in the previous corresponding period. Norwegian’s major Scandinavian competitor, SAS, meanwhile, reported a widened net loss of EUR246.3 million in the quarter (compared to a net loss of EUR55.6 million in the previous corresponding period).
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.