Norwegian reports best ever annual result with net profit of more than 1.1 billion NOK (£109million) in 2016

Global expansion driven by new routes, high load factors and continued fleet renewal, contributed to Norwegian’s best ever annual result, with a net profit of 1,135 million NOK (£109 million). The load factor was 88 per cent. The net profit was 1,135 million NOK (£109 million) in 2016, while the operating profit (EBIT) was 1,820 million NOK. The results are influenced by Norwegian’s international growth, particularly on intercontinental routes, as well as increased presence in the UK and Spain. The company’s total revenue was more than 26 billion NOK (£2.5 billion) – an increase of 16 per cent. The company