Norwegian remains in red 1Q2010 despite strong passenger growth. Talks of long-haul
Scandinavia’s largest LCC, Norwegian Air Shuttle, reported a 14.8% increase in 1Q2010 revenue, driven by ancillary revenue growth and double-digit passenger increases in the period (CEO, Bjorn Kjos, stated he was "satisfied with the result" particularly "in light of the strong passenger and production growth). However, the carrier was unprofitable on the EBITDAR, EBITDA, EBIT, EBT and net levels in the quarter, which is the carrier’s seasonally weakest quarter.
