Norwegian Air Shuttle ASA — Earnings Release 2015

Mar 5, 2015

TRAFFIC FIGURES FEBRUARY 2015 NORWEGIAN AIR SHUTTLE ASA

TRAFFIC DEVELOPMENT

The total number of passengers flown in February 2015 was 1 626 874 compared to 1 527 099 last year, an increase of 99 775 passengers (7 %).

Compared to the same period last year:

• Total passenger traffic (RPK) increased by 17 %
• Total capacity (ASK) increased by 9 %
• The load factor was 84,8 %, up 5,5 p.p.

The increase in passenger traffic, production and passengers is primarily driven by the establishment of new European short-haul bases and long-haul operations to North America and Southeast Asia.

Traffic Development
February	Feb-15	Feb-14	chg
Internet bookings	80 %	82 %	-2 p.p
ASK (mill)	3 136	2 865	9 %
RPK (mill)	2 660	2 271	17 %
Load factor	84,8 %	79,3 %	5,5 p.p
Passengers	1 626 874	1 527 099	7 %
Traffic 12 mth rolling	Feb-15	Jan-15	chg
Internet bookings	79 %	79 %	0 p.p
ASK (mill)	47 150	46 878	1 %
RPK (mill)	38 483	38 094	1 %
Load factor	81,6 %	81,3 %	0,3 p.p
Passengers	24 155 122	24 055 347	0 %

PASSENGER REVENUES

The unit revenue (RASK) is estimated at 0,32 for the period (3 %).

The average flying distance for the Group increased by 8 % in February compared to the same period last year.

Yield & Unit Revenue (NOK) (Estimate)
February	Feb-15	Feb-14	chg
Yield	0,38	0,39	-3 %
RASK	0,32	0,31	3 %

OPERATING PERFORMANCE

In February the Group operated 99,7 % of its scheduled flights, whereof 81,7 % departed on time.

Operating Performance
February	Feb-15
Regularity	99,7 %
Punctuality	81,7 %

HEDGE POSITIONS

The Group has entered into term contracts and options during the period. By the end of February the Group estimates a quarter-to-date gain of approximately MNOK 25 related to the hedge positions.

Hedge Positions
Q1 15 Hedges		Volume		Price
USD/NOK	USD	-	NOK		-
Jet Fuel (Tons)	mt	109 000	USD		909
Q2 15 Hedges		Volume		Price
USD/NOK	USD	-	NOK		-
Jet Fuel (Tons)	mt	63 750	USD		860
Post Q2 15 Hedges		Volume		Price