Norwegian Air Shuttle ASA — Earnings Release 2021

Jun 4, 2021

Norwegian Air Shuttle ASA TRAFFIC FIGURES MAY 2021

Norwegian's traffic figures for May are heavily influenced by the travel restrictions and soft demand. The capacity was 41% higher than last year with a load factor of 54.8%. Bookings for the summer are increasing day by day driven by the gradual reopening in Scandinavia and as travel restrictions are easing.

Compared to the same period last year:

• Total capacity (ASK) increased by 41%
• Total passenger traffic (RPK) increased by 97%
• The load factor was 54.8%, up 16 p.p.
• The total number of passengers flown was 96,909, an increase of 32%

The unit revenue (RASK) is estimated at 0.63 for the period, up by 17%.

The average flying distance for the Group decreased by 4% in May compared to the same period last year.

In May, the Group operated 99.1% of its scheduled flights, whereof 95.9% departed on time, 2.3 p.p. lower than last year.

CO2 emissions was 135 grams per RPK, due to lower load factor than normal.

TRAFFIC DEVELOPMENT

May	May-21	May-20	Change
ASK (million)	104	74	41 %
RPK (million)	57	29	97 %
Load factor	54.8 %	39.2 %	16 p.p.
Passengers	96,909	73,401	32 %
Traffic 12-month rolling	May-21	May-20	Change
ASK (million)	3,332	74,199	-96 %
RPK (million)	1,868	64,362	-97 %
Load factor	56.1 %	86.7 %	-30.6 p.p.
Passengers	2,038,742	26,775,502	-92 %

PASSENGER REVENUES (ESTIMATE)

May	May-21	May-20	Change
Yield (NOK)	1.15	1.38	-17 %
Unit revenue (NOK)	0.63	0.54	17 %

OPERATING PERFORMANCE

May	May-21	May-20	Change
Regularity	99.1 %	98.7 %	0.4 p.p.
Punctuality	95.9 %	98.2 %	-2.3 p.p.
CO2 per RPK	135 g	239 g	-44 %

HEDGE POSITIONS

The Group has no remaining open hedge positions.