OSLO Feb 15 Fast-growing budget airline
Norwegian Air has raised its growth outlook for 2013
after a surprise pretax profit for the normally weak fourth
The company said it now expects to increase its capacity, in
terms of available seat kilometres (ASK), by more than 25
percent this year, including new long haul routes. Previous
guidance was for ASK growth in excess of 20 percent.
Norwegian Air has 276 Boeing and Airbus
aircraft on order for delivery over the next decade.
Pretax profit for the last three months of 2012 came in at
23 million crowns ($4.17 million). That compared with a 188
million crown loss a year earlier and comfortably beat the
average estimate of a 53 million crown loss in a Reuters poll of
Chief Executive Bjoern Kos said earnings should improve once
costs decline. "The result should have been much better," he
told a news conference.
Shares in the company rose 2.3 percent by 0835 GMT,
outperforming a 0.1 percent decline in the Oslo benchmark index