NAS profits dip in 2013

Norwegian Air Shuttle has reported a net profit of NOK322 million ($54 million) during the 12 months to December 31, 2013. Last year the budget carrier posted profits of NOK457 million. CEO Bjørn Kjos commented that profits had been impacted by “teething problems” with its 787 aircraft and a “warm and sunny Nordic summer” had impacted July and August bookings. Profits were also curtailed by capacity investment and increased competitive pressure during the second half of 2013, Kjos said. NAS carried 20.7 million passengers last year – a rise of 17% over last year – on the back of an