Norwegian Air Shuttle results up nearly 50%

Norwegian Air Shuttle reported third-quarter net income of NOK528 million ($89.8 million), up 40.9% over NOK374.8 million in the same period last year. It posted a pre-tax profit of NOK733 million, which the airline deemed a record for any quarter. For the nine months to September 30, Norwegian net earnings totalled NOK194.5 million, down 66.3% compared to NOK445.5 million in 2009. Operating revenues rose 24.5% to NOK2.83 billion, with an operating profit of NOK573.3 million, up 20.5% over NOK475.6 million last year. The rise was thanks to a 25% rise in passengers to 3.8 million, even though operating expenses rose