Norwegian Air FY23 net profit increases 73%

Norwegian Air has reported a strong net profit for the full year 2023, with share prices jumping 9.51% as of 13:24 CET following the report. The company reported a net profit of $165.1 million for 2023, up 73% from $95.6 million in 2022. The fourth quarter results were strong with a net profit of $14.5 million following a net loss of $11.3 million in the fourth quarter of 2022. Operating revenue was also strong with a 35% increase in 2023 year-over-year to $2.4bn. Fourth quarter operating revenue increased 19% YOY at $560.9 million. Load factor for the year increased 1.6