Budget carrier Norwegian Air struggled to fill its aircraft in November as capacity growth far outpaced demand, its monthly traffic report showed, sending its shares down 6pc in early trade. Budget carrier Norwegian Air struggled to fill its aircraft in November as capacity growth far outpaced demand, its monthly traffic report showed, sending its shares down 6pc in early trade. "A full transition into the winter programme will take place early next year, once the busy holiday season is behind us." "Overall, we find the traffic figures to be soft," Danske Bank analyst Martin Stenshall said in a note to clients. Norwegian's shares were down 5.7pc lower at 201 Norwegian crowns at 0805 GMT, against a 1.1pc drop for the Oslo benchmark index.

Source: Irish Independent December 06, 2018 08:48 UTC