Norwegian Air swings to full-year profit after restructuring

OSLO: Norwegian Air reported a full-year profit for 2021 on Friday in a turnaround from losses suffered the previous year, and said booking trends point to busier travel ahead for Europe as lockdown restrictions are lifted.

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The budget carrier's net result swung to a profit of 1.88 billion Norwegian crowns ($211.4 million) last year from a loss of 23 billion crowns in 2020.