Dreamliner woes hit Norwegian third-quarter profit

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In-service problems with Boeing 787s were a major factor in Norwegian's third-quarter pre-tax profit falling 31% to NKr604 million ($102 million).

The Oslo-based low-cost carrier says it incurred costs of NKr101 million from temporary groundings of its two Dreamliners. This figure covers payments for wet-leased replacement Airbus A340s, extra fuel burned by those four-engined jets, and accommodation, food and drink for delayed passengers.

Revenues rose 15% to NKr4.88 billion. However, the airline says sales were hit by "warm summer weather in Northern Europe".

Capacity was increased 31% and revenue passenger-kilometres climbed 30%, with the result that load factor declined, by one percentage point, to 81%.

Passenger numbers were up 16% to just over six million. Norwegian expects to carry 20 million over the full course of 2013.