Double digit profit increase for Norwegian Airlines

Norwegian (NAS) has reported a pre-tax profit of 623million NOK, an improvement of 457million NOK compared to the previous year. The company’s total fourth quarter revenues was 3.1billion NOK, up 22% compared with the same quarter in previous year. Earnings before taxes (EBT) was 23million NOK, an improvement of 211million NOK. The company carried 4.37 million passengers in the fourth quarter, an increase of 10%. The total 2012 revenue was 12.9billion NOK – a rise of 22%. Norwegian carried 17.7 million passengers in 2012, up 2 million (13%) compared to 2011. The load factor remains 79%. “We are pleased with