Norwegian Air Shuttle ASA — Earnings Release 2021

Oct 6, 2021

Norwegian Air Shuttle ASA TRAFFIC FIGURES SEPTEMBER 2021

In September the capacity was 154% higher than last year with a load factor of 72.4%. On average, Norwegian operated 46 aircraft during September. Demand continue to increase driven by the unlocking of markets and easing of travel restrictions.

Compared to the same period last year:

• Total capacity (ASK) increased by 154%
• Total passenger traffic (RPK) increased by 248%
• The load factor was 72.4%, up by 20 p.p.
• The total number of passengers was 977 719, an increase of 206%

The unit revenue (RASK) is estimated at 0.35 for the period, down by 15%.

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

In September, the Group operated 99.7% of its scheduled flights, whereof 92.1% departed on time, 5.5 p.p. lower than last year.

CO2 emissions was 88 grams per RPK, 27% lower than last year.

TRAFFIC DEVELOPMENT

September	Sep-21	Sep-20	Change
ASK (million)	1,539	606	154 %
RPK (million)	1,115	320	248 %
Load factor	72.4 %	52.8 %	20 p.p.
Passengers	977,719	319,370	206 %
Traffic 12-month rolling	Sep-21	Sep-20	Change
ASK (million)	5,750	38,247	-85 %
RPK (million)	3,797	31,023	-88 %
Load factor	66.0 %	81.1 %	-15.1 p.p.
Passengers	3,626,237	13,873,179	-74 %

PASSENGER REVENUES (ESTIMATE)

September	Sep-21	Sep-20	Change
Yield (NOK)	0.49	0.79	-38 %
Unit revenue (NOK)	0.35	0.42	-15 %

OPERATING PERFORMANCE

September	Sep-21	Sep-20	Change
Regularity	99.7 %	99.2 %	0.5 p.p.
Punctuality	92.1 %	97.6 %	-5.5 p.p.
CO2 per RPK	88 g	120 g	-27 %

HEDGE POSITIONS