Norwegian reports net loss of $174 million loss for 2019

Embattled carrier Norwegian reported a $174 million loss for 2019 as it reported its fourth quarter and full year earnings, with the firm blaming ongoing problems with the Boeing MAX and Rolls-Royce engines for the poor performance.Despite this the firm said that it secured significant financial milestones in 2019  that  “strengthened the airline’s move to profitability”. In a statement it cited its internal cost-reduction program #Focus2019, which it said had delivered cost reductions of $248 million or the full year. Norwegian also mentioned that the firm the has postponed aircraft deliveries, sold aircraft, sold its shares in Norwegian Finance Holding and sold its