July 11, 2019 / 5:19 AM / 8 days ago

Norwegian Air sees Boeing 737 MAX flying again in Oct as Q2 beats

OSLO, July 11 (Reuters) - Airline Norwegian Air said it expected its Boeing 737 MAX aircraft to return to service in October and lowered its growth outlook as it reported second-quarter results that beat expectations on Thursday.

It cut its target for a production growth (ASK) to 0-5%, compared to the previous guidance for 5-10%, Europe’s third-largest budget carrier by passenger numbers said in a statement.

The firm’s net profit came in a 82.8 million Norwegian crowns ($9.68 million) while five analysts in a Refinitiv estimate forecast a profit of 76.2 million crowns, down from a profit of 300.3 million crowns in the year-ago period. ($1 = 8.5554 Norwegian crowns) (Reporting by Victoria Klesty, editing by Gwladys Fouche)

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