Norwegian can save billions of dollars on oil prices

Oil prices reached $ 86 in early October and today the price drop has been 30%.

According to Dagens Næringsliv, the price of fuel reduces by 30% the total cost of costs of about 3.6 billion Norwegian kroner, according to the latest quarterly report of the airline.

As the crown has weakened by about five percent against the dollar, it represents a loss of 850 million euros.

In total, this will result in an annual saving of 2.7 billion crowns for the airline. Rainfall, however, depends on the share of Norwegian consumption purchased at a fixed price.

Millions of savings can mean that Norwegian chef Bjørn Kjos can not get more capital because of lower profitability and high debt, since oil prices do not do not go up, writes DN.

"The drop in oil prices is good news for all airlines, including us," said Anne-Sissel Skånvik, director of communication in Norwegian.