Norwegian Air Shuttle ASA — Earnings Release 2021

Nov 3, 2021

Norwegian Air Shuttle ASA TRAFFIC FIGURES OCTOBER 2021

In October the capacity was 195% higher than last year with a load factor of 82.7% (55.3%). On average, Norwegian operated 48 aircraft during October.

Compared to the same period last year:

• Total capacity (ASK) increased by 195%
• Total passenger traffic (RPK) increased by 340%
• The load factor was 82.7%, up by 27 p.p.
• The total number of passengers was 1 203 205, an increase of 277%

The unit revenue (RASK) is estimated at 0.50 for the period, up by 15%.

The average flying distance for the Group increased by 32% in October compared to the same period last year.

In October, the Group operated 99.9% of its scheduled flights, whereof 88,3% departed on time, 7 p.p. lower than last year.

CO2 emissions was 79 grams per RPK, 32% lower than last year.

TRAFFIC DEVELOPMENT

October	Oct-21	Oct-20	Change
ASK (million)	1,661	564	195 %
RPK (million)	1,373	312	340 %
Load factor	82.7 %	55.3 %	27 p.p.
Passengers	1,203,205	319,477	277 %
Traffic 12-month rolling	Oct-21	Oct-20	Change
ASK (million)	6,847	30,293	-77 %
RPK (million)	4,858	23,917	-80 %
Load factor	71.0 %	79.0 %	-8.0 p.p.
Passengers	4,509,965	11,073,934	-59 %

PASSENGER REVENUES (ESTIMATE)

October	Oct-21	Oct-20	Change
Yield (NOK)	0.60	0.78	-23 %
Unit revenue (NOK)	0.50	0.43	15 %

OPERATING PERFORMANCE

October	Oct-21	Oct-20	Change
Regularity	99.9 %	99.3 %	0.6 p.p.
Punctuality	88.3 %	95.6 %	-7.3 p.p.
CO2 per RPK	79 g	116 g	-32 %

HEDGE POSITIONS