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Norwegian Air makes progress on turnaround plan after cutting capacity by a quarter

A Norwegian Air plane is refuelled at Oslo Gardermoen airport
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OSLO (Reuters) - Norwegian Air cut its capacity by a quarter in December, removing loss-making routes as it made headway on its plan to regain profitability, traffic data from the budget carrier showed on Tuesday.Shares in the carrier jumped as much as 6% in opening trade as Norwegian said reduced capacity helped lift average income per passenger by 14%.The airline has shaken up the transatlantic..
Date Published: Jan 07, 2020
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