Norwegian Air pilot strike is apparently over according to unnamed sources. We have not seen yet an official confirmation from the airline media reporters though.
But this strike has taken a high Price for the low cost Budget airline, Norwegian Air Shuttle's shares fell 4.6 per cent to NOK223.90 on Tuesday, as pilots continued to strike amid a struggle between the airline and the union to resolve a pay dispute.
About 200,000 passengers have been affected by the strike, which started on February 28. Its flights within Scandinavia are the most affected with planes on most routes in the region grounded, though long-haul routes are operating as normal.
The strike has generated volatility in the shares of Norwegian, which have dropped more than 19 per cent so far this year.
The company said it had no further information on the status of the negotiations, but is working to reach a solution with the union.
The dispute is seen as a test for Norwegian as a low-cost airline based in a high-cost country, competing with Ryanair and easyJet, and of Norway's ability to adapt to global competition.
But it is not the only issue affecting Europe's third-largest low-cost airline. It made its first loss in eight years in 2014 and is also in a dispute with US regulators over transatlantic flights.