OSLO (Reuters) -Norwegian Air reported a primary quarter loss on Friday, and mentioned robust reserving numbers would give the funds service a lift for the upcoming summer time season.

The January-March internet loss decreased to 993 million Norwegian crowns ($94.7 million) from a year-ago lack of 1.03 billion, Norwegian mentioned.

Throughout the first quarter, usually a sluggish interval for vacation journey, the corporate curtailed capability by between 20% and 30% to maintain down prices.

“With robust reserving numbers that proceed to be encouraging, Norwegian prepares for what is predicted to be one of many firm’s strongest summers ever,” the airline mentioned in a press release.

Common fares which were booked to this point for the June-August interval are up 25% in comparison with final 12 months, it added.

($1 = 10.4882 Norwegian crowns)