Norwegian Air Shuttle ASA — Earnings Release 2021

Sep 6, 2021

Norwegian Air Shuttle ASA TRAFFIC FIGURES AUGUST 2021

In August the capacity was 129% higher than last year with a load factor of 72.6%. On average, Norwegian operated 38 aircraft during August. 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 129%
• Total passenger traffic (RPK) increased by 168%
• The load factor was 72.6%, up by 10 p.p.
• The total number of passengers was 790 220, an increase of 152%

The unit revenue (RASK) is estimated at 0.38 for the period, down by 27%.

The average flying distance for the Group increased by 12% in August compared to the same period last year.

In August, the Group operated 99.8% of its scheduled flights, whereof 91.9% departed on time, 6 p.p. lower than last year.

CO2 emissions was 87 grams per RPK.

TRAFFIC DEVELOPMENT

August	Aug-21	Aug-20	Change
ASK (million)	1,235	539	129 %
RPK (million)	897	335	168 %
Load factor	72.6 %	62.2 %	10 p.p.
Passengers	790,220	313,316	152 %
Traffic 12-month rolling	Aug-21	Aug-20	Change
ASK (million)	4,816	46,510	-90 %
RPK (million)	3,003	38,673	-92 %
Load factor	62.4 %	83.1 %	-20.7 p.p.
Passengers	2,967,888	16,864,233	-82 %

PASSENGER REVENUES (ESTIMATE)

August	Aug-21	Aug-20	Change
Yield (NOK)	0.53	0.84	-37 %
Unit revenue (NOK)	0.38	0.52	-27 %

OPERATING PERFORMANCE

August	Aug-21	Aug-20	Change
Regularity	99.8 %	99.9 %	-0.1 p.p.
Punctuality	91.9 %	97.9 %	-6.0 p.p.
CO2 per RPK	87 g	100 g	-13 %

HEDGE POSITIONS

The Group has no open hedge positions.