Low-cost carrier Norwegian's expansion efforts drag down shares

Skift Take

By competing against both SAS and fellow low-cost carriers, Norwegian Air puts itself in the awkward position of fighting two very different battles.

Norwegian Air Shuttle AS, western Europe’s fourth-largest low-cost airline, dropped to the lowest level in more than a month in Oslo as the carrier’s aggressive expansion plans puts pressure on earnings. Shares in the Fornebu, Norway-based company declined as much as 5 percent to 273.10 kroner, the lowest intraday level since April 30, and traded down 4.7 percent as of 10:40 a.m. That stock fell the most among the Oslo sto

Low-cost carrier Norwegian's expansion efforts drag down shares

Skift Take

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