OSLO (Reuters) - Norwegian Air (OL:NWC) is reiterating its earnings guidance for 2020, the budget carrier said in a statement on Thursday following a 40% decline in its share price this week.
The company on Feb. 13 said it expected a return to profit in 2020 after three consecutive years of losses.
Analysts said investors had sold off Norwegian's shares on fears the coronavirus outbreak would hit the carrier's business outlook.