Flyr AS — Earnings Release 2022

Aug 5, 2022

Flyr AS - Traffic figures for July 2022

Flyr AS - Traffic figures for July 2022

July was a record month for Flyr with many full flights and a total of 260,500

guests on board. The load factor was 92.3% and unit revenue increased

significantly compared to previous months. Flyr operated 99.9% of the scheduled

flights during the month.

"July was characterized by high demand for travel with many full flights to our

destinations by the Mediterranean Sea and European cities. Many guests have also

chosen to travel on our domestic flights in Norway. We would like to thank all

the 260,500 guests that have chosen to travel with us in July, and we look

forward to welcoming on board again soon, for a city break in Paris, a longer

vacation in Malaga or to visit family and friends in Tromsø or Kristiansund. We

also want to thank all our colleagues and business partners, both on the ground

and in the air, for taking such good care of all our guests", said CEO Tonje

Wikstrøm Frislid of Flyr.

Flyr had an average of 10 aircraft in operation in July, with load factor of

92.3% and a yield of NOK 0.71.

Unit revenue (PASK) in July was NOK 0.68, while the average PASK for the last 12

months was NOK 0.41. Flyr operated 99.9% of all scheduled flights this month,

which means that only two flights were cancelled. Punctuality in July was

heavily affected by lack of personnel on several European airports as well as

capacity limitations in European airspace. Flyr's punctuality was 54.2%, however

91.3% of all flights arrived less than one hour delayed.

Flyr took delivery of one additional brand-new Boeing 737-8 aircraft at the end

of the month. This aircraft model has about 15 % lower fuel consumption and

emissions than previous models. The total fleet now counts 11 aircraft with an

average age of 5 years, making it the most modern and environmentally friendly

in the Nordics. Flyr has 41 FTEs per aircraft, which is in line with the planned

progression to reach targeted cost levels.

For further information please contact:

Brede Huser, Chief Financial Officer

Phone: +47 99 16 99 74

Email: brede.huser@flyr.com

About Flyr

Flyr is a Norwegian based low-cost carrier with a demand driven business model

and a primary focus on the Norwegian market. The company targets a modern,

digital, and efficient setup to ensure high operational efficiency through

simplicity, optimized resource utilization and smart use of technology. Flyr AS

is listed at Euronext Growth under the ticker FLYR.

To learn more, please visit www.flyr.com.

This information is subject of the disclosure requirements according to Market

Abuse Regulation (MAR) Article 17 no. 1, and was prepared by Brede Huser, CFO at

Flyr AS ph no. +47 991 69 974.