COPENHAGEN, July 4 (Reuters) - Norwegian Air on

Thursday lowered its operating profit forecast for 2024 to

between 2.1 billion and 2.6 billion crowns ($199.07 million -

246.47 million), citing lower-than-expected traffic demand in

the second quarter, among other factors.

A higher than projected wage settlement for pilots after new

collective bargaining agreements, as well as aircraft delivery

delays from Boeing ( BA ) also contributed to its decision to

cut its profit forecast, Norwegian said.

The company previously forecast an operating profit between

2.5 billion and 3.2 billion crowns.

A weaker exchange rate for the Norwegian crown compared to

the US dollar had also affected the airline's profit forecast,

it added.

($1 = 10.5490 Norwegian crowns)