Norwegian reports 2017 full year results

Norwegian has reported its full year and fourth quarter 2017 results. The net loss was -299 million NOK (-£27.4 million) in 2017, while the earnings before interest, taxes and depreciations (EBITDA) was 60 million NOK (£5.5 million). Significant costs related to increased fuel prices, wet lease and passenger care affect the results. Going into 2018, Norwegian says that it is far better positioned with stronger bookings and a better staffing situation. Major investments have also been done in 2017 to prepare for future growth. The company’s total revenue was almost 31 billion NOK (£2.8 billion) – an increase of 19