Fewer flights help Norwegian Air improve profitability
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OSLO (Reuters) - November traffic figures show Norwegian Air's drive to slash flights is helping to improve profitability, sending the debt-laden airline's shares up 6% in early Thursday trading.The cut-backs helped the budget carrier fill remaining flights, increasing the number of seats sold on each aircraft as well as income per passenger.Overall capacity, a measure of distance flown and the number of seats available (ASK), fell 27% year on year in November. Analysts in a Reuters poll had on..