Flyr AS - Earnings Release 2022 | FinancialReports.eu

Flyr AS - Traffic figures for March 2022

Flyr achieved a 68% increase in number of guests in March compared to February,

with a total of 84,100 guests travelling with Flyr. Despite that the war in

Ukraine has negatively influenced the traffic in the short term, March was the

month with highest sale since the start-up driven by increased bookings for the

summer program.

With on average six aircraft in operation, the production was 145.5 million ASK,

with a load factor of 58%. Yield in the month was NOK 0.48 vs. NOK 0.55 in

February.

· We are pleased to see a 68% increase in passengers in a month negatively

influenced by the war in Ukraine. The summer program has been well received by

the customers and we achieved record high sales during the month driven by

increased bookings for leisure travels in the summer season, says Tonje Wikstrøm

Frislid, CEO of Flyr.

In March, Flyr received its second brand new Boeing 737-8, and the fleet is

currently 8 aircraft. A further 4 brand new 737-8 are being delivered during the

next few months. The summer program with 37 routes to 46 destinations had the

first flights in the last week of the month.

At the end of March, Flyr has 39 FTE's per aircraft, which is in line with the

planned progression to reach the targeted cost level.

Unit revenue (PASK) in March was NOK 0.29, while the average PASK from first

flight in June 2021 was NOK 0.26. Flyr had a regularity in operations during the

month of 99.8 % and punctuality of 92.1%.

Flyr was established during the Covid-19 pandemic with the aim to build a

sustainable and profitable business model by adapting and scaling production to

meet the needs of the market. Expansion plans and the route network will be

adjusted continuously depending on the pandemic situation.

For further information please contact:

Brede Huser, Chief Financial Officer

Phone: +47 99 16 99 74

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.

AI assistant