OSLO, April 25 (Reuters) – The grounding of Norwegian Air’s fleet of Boeing 737 MAX aircraft may scupper the carrier’s plan to return to profitability this year, it said while posting a widening first-quarter loss on Thursday.

“Due to the uncertainty related to the MAX grounding, the company sees increased risk related to the target of a positive net profit in 2019,” Norwegian said.

The budget carrier’s net result plunged to a loss of 1.49 billion Norwegian crowns ($172.4 million) from 46.2 million crowns a year ago, while analysts in a Reuters poll on average had expected a deficit of 1.65 billion crowns.

Norwegian, which has cut costs and raised money from shareholders in recent months, said late on Wednesday it had agreed with Boeing