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Oct 28 (Reuters) – Budget airline Norwegian Air Shuttle’s (NAS.OL), quarterly operating profit beat market expectations on Wednesday, helped by high demand despite elevated jet fuel costs.
Norwegian’s operating profit came in at 2.7 billion Norwegian crowns ($289.4 million) in the third quarter, above the 2.3 billion crowns expected by analysts polled by the company.
“Passenger demand for air travel with Norwegian grew significantly across markets into the peak summer travel season,” the company said.
Reporting by Vera Dvorakova and Agnieszka Gosciak-Rabalska in Gdansk; Editing by Mrigank Dhaniwala
