Norwegian Air's loss balloons, warns of further cash needs

Norwegian aims to rebuild operations, albeit on a smaller scale

Norwegian Air posted a January-June net loss of €512 million, compared with a loss of €133 million in the year-ago period.

Norwegian Air still needs more cash in order to weather the Covid-19 pandemic, the budget carrier said today, as it reported a deep loss for the first half of 2020.

The company will put five more aircraft back in the air in September, raising the total to 25, while 115 planes remain grounded.