Norwegian has filed its Q1 results reporting a cost impact from the 737 MAX grounding of approximately $58 million (500 million NOK). NorwegianThis March, Norwegian grounded 18 Boeing MAX 8 aircraft, which represented 1% of the airline's seating capacity. With 737 MAX grounding delays prolonged and the MCAS software patch still undergoing scrutiny, Norwegian's bill continues to tally. The company reported a cost reduction for the quarter of $54 million, which is washed away by the reported cost-impact of the 737 MAX grounding. The company will wet-lease aircraft as needed to minimize disruption from a prolonged 737 MAX grounding in the coming months.

Source: Forbes April 25, 2019 08:03 UTC