Norwegian Air Shuttle ASA — Earnings Release 2017

Oct 5, 2017

TRAFFIC FIGURES SEPTEMBER 2017 NORWEGIAN AIR SHUTTLE ASA

TRAFFIC DEVELOPMENT

The total number of passengers flown in September 2017 was 3,165,031 compared to 2,778,806 last year, an increase of 386,225 passengers (14 %).

Compared to the same period last year:

• Total passenger traffic (RPK) increased by 29 %
• Total capacity (ASK) increased by 28 %
• The load factor was 89.7 %, up 0.3 p.p.

Traffic Development
September	Sep-17	Sep-16	chg
Internet bookings	75 %	75 %	0 p.p
ASK (mill)	6,685	5,203	28 %
RPK (mill)	5,995	4,649	29 %
Load factor	89.7 %	89.4 %	0.3 p.p
Passengers	3,165,031	2,778,806	14 %
Traffic 12 mth rolling	Sep-17	Sep-16	chg
Internet bookings	75 %	74 %	1 p.p
ASK (mill)	67,746	54,710	24 %
RPK (mill)	59,472	47,946	24 %
Load factor	87.8 %	87.6 %	0.2 p.p
Passengers	32,255,750	28,250,062	14 %

PASSENGER REVENUES

The unit revenue (RASK) is estimated at 0.35 for the period (-7 %).

The average flying distance for the Group increased by 13 % in September compared to the same period last year.

Yield & Unit Revenue (NOK) (Estimate)
September	Sep-17	Sep-16	chg
Yield	0.39	0.42	-7 %
RASK	0.35	0.37	-7 %

OPERATING PERFORMANCE

In September the Group operated 99.6 % of its	Operating Performance
scheduled flights, whereof 77.9 % departed on time.	September	Sep-17	Sep-16	chg 0.1 p.p.
	Regularity	99.6 %	99.5 %
	Punctuality	77.9 %	79.6 %	-1.7 p.p.

HEDGE POSITIONS

The Group has entered into term contracts and options during the period. By the end of September, the Group estimates a quarter-to-date gain of NOK 703 million including gains of NOK 566 million related to unrealized hedge positions.

Hedge Positions
Q3 17 Hedges		Volume		Price
USD/NOK	USD	-	NOK	-
Jet Fuel (Tons)	mt	205,000	USD	487
Q4 17 Hedges		Volume		Price
USD/NOK	USD	-	NOK	-
Jet Fuel (Tons)	mt	189,500	USD	486
Post Q4 17 Hedges		Volume		Price