Norwegian Air Shuttle ASA — Earnings Release 2018

Mar 6, 2018

TRAFFIC FIGURES FEBRUARY 2018 NORWEGIAN AIR SHUTTLE ASA

239,663 Jet Fuel

3,738,310.00 Kun volum der 10% endring utgjør mer enn 0.1% av siste kvartals omsetning

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\NAS-FILEBFSRV02\avdelingsdata Økonomi\07 IR\04 Trafikktall

TRAFFIC DEVELOPMENT

The total number of passengers flown in February 2018 was 2,330,006 compared to 2,090,343 last year, an increase of 239,663 passengers (11 %).

Compared to the same period last year:

• Total passenger traffic (RPK) increased by 32 %
• Total capacity (ASK) increased by 35 %
• The load factor was 84.3 %, down 2.0 p.p.

February	Feb-18	Feb-17	chg
Internet bookings	75 %	77 %	-2 p.p
ASK (mill)	6,150	4,561	35 %
RPK (mill)	5,182	3,936	32 %
Load factor	84.3 %	86.3 %	-2.0 p.p
Passengers	2,330,006	2,090,343	11 %
Traffic 12 mth rolling	Feb-18	Feb-17	chg
Internet bookings	74 %	75 %	-1 p.p
ASK (mill)	75,433	59,841	26 %
RPK (mill)	65,751	52,504	25 %
Load factor	87.2 %	87.7 %	-0.5 p.p

PASSENGER REVENUES

The unit revenue (RASK) is estimated at 0.26 for the period (-6 %).

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

Yield & Unit Revenue (NOK) (Estimate)
February	Feb-18	Feb-17	chg
Yield	0.31	0.33	-4 %
RASK	0.26	0.28	-6 %

OPERATING PERFORMANCE

In February the Group operated 98.9 % of its scheduled flights, whereof 74.7 % departed on time.

Operating Performance
February	Feb-18	Feb-17	chg
Regularity	98.9 %	99.6 %	-0.7 p.p.
Punctuality	74.7 %	73.6 %	1.1 p.p.

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 NOK 45 million including losses of NOK 74 million related to unrealized hedge positions.

Hedge Positions
Q1 18 Hedges	Volume			Price
USD/NOK	USD	-	NOK		-
Jet Fuel (Tons)	mt	149,000	USD		502
Q2 18 Hedges		Volume		Price
USD/NOK	USD	-	NOK		-
Jet Fuel (Tons)	mt	170,500	USD		497
Post Q2 18 Hedges		Volume		Price