Norwegian Air Plans New York, Tokyo Flights

Norwegian Air Shuttle AS, Europe’s fourth-biggest discount carrier, said its plans for expansion into long-haul operations envisage routes to cities including New York City, Hong Kong, Bangkok and Beijing.Norwegian, which currently flies no further than Dubai with a fleet of Boeing Co. 737s, is also mulling routes to Florida, the U.S. West Coast and Tokyo after ordering wide-body 787s from the same manufacturer, Chief Financial Officer Frode Foss said.We’re considering all major cities, Foss said today in a telephone interview from Oslo, confirming that six 787s will join its fleet starting next year, three of them leased and three purchased outright.We’re doing research, looking into many destinations and how to optimize our aircraft.Norwegian is working on long-haul plans after last month bolstering its short-haul fleet with an order for 222 Boeing and Airbus SAS single-aisle valued at 127 billion kroner ($21.8 billion). The Fornebu-based company, founded in 1993, switched to a discount model in 2001, emulating Ryanair Holdings Plc and EasyJet Plc, and is stepping up competition with state-backed SAS Group AB, the Nordic region’s largest airline.

The carrier’s fourth-quarter loss widened to 133 million kroner from 23.6 million kroner a year earlier, it said today, worse than the 91 million kroner deficit expected by analysts. The stock fell as much as 9 percent, the most since Oct. 4, and was down 4.7 percent at 76.5 kroner as of 11:29 a.m. in Oslo.Fuel expenses jumped 56 percent to 793 million kroner in the quarter, in part because Norwegian offered more flights. Revenue advanced 18 percent to 2.54 billion kroner.

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