Norwegian’s 2014 results are characterized by strong revenue and capacity growth as well as major investments for future expansion. Fuel hedging for 2015 for the amount of NOK459m was a considerable cost in 2014. Consequently, major costs for 2015 have already been covered. The company reported a net loss of NOK-1,050m compared to net profit of NOK322m in 2013. The company’s total revenue was NOK19.5bn – an increase of 25% compared to 2013. The production growth (ASK) increased by 35%, while the load factor remained high at 81%, up three percentage points from the year before. Norwegian carried 24 million passengers in 2014, an increase of 16% from previous year. The company’s total turnover in the fourth quarter was NOK4.6b, an increase of 22% from the same quarter previous year. The net loss was NOK-958m compared to net profit of NOK194m the year before. The airline carried 5.65 million passengers during the fourth quarter, which represents a passenger growth of eight percent. The capacity growth (ASK) was 21% and the load factor increased by one percentage point to 81%.
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After seven profitable years Norwegian reports negative result for 2014
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