Norwegian Air Shuttle ASA — Earnings Release 2021

Aug 5, 2021

Norwegian Air Shuttle ASA TRAFFIC FIGURES JULY 2021

In July the capacity was 104% higher than last year with a load factor of 74.4%. On average, Norwegian operated 33 aircraft during July. 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 104%
• Total passenger traffic (RPK) increased by 124%
• The load factor was 74.4%, up by 7 p.p.
• The total number of passengers flown was 695 830, an increase of 95%

The unit revenue (RASK) is estimated at 0.43 for the period, down by 29%.

The average flying distance for the Group increased by 15% in July compared to the same period last year.

In July, the Group operated 99.8% of its scheduled flights, whereof 88.3% departed on time, 8.3 p.p. lower than last year.

CO2 emissions was 84 grams per RPK.

TRAFFIC DEVELOPMENT

July	Jul-21	Jul-20	Change
ASK (million)	1,141	560	104 %
RPK (million)	849	379	124 %
Load factor	74.4 %	67.7 %	7 p.p.
Passengers	695,830	356,093	95 %
Traffic 12-month rolling	Jul-21	Jul-20	Change
ASK (million)	4,120	55,579	-93 %
RPK (million)	2,441	46,985	-95 %
Load factor	59.2 %	84.5 %	-25.3 p.p.
Passengers	2,490,984	20,054,830	-88 %

PASSENGER REVENUES (ESTIMATE)

July	Jul-21	Jul-20	Change
Yield (NOK)	0.58	0.90	-35 %
Unit revenue (NOK)	0.43	0.61	-29 %

OPERATING PERFORMANCE

July	Jul-21	Jul-20	Change
Regularity	99.8 %	99.8 %	0.0 p.p.
Punctuality	88.3 %	96.6 %	-8.3 p.p.
CO2 per RPK	84 g	92 g	-9 %

HEDGE POSITIONS