Norwegian Air Shuttle ASA — Earnings Release 2021

Apr 9, 2021

Norwegian Air Shuttle ASA TRAFFIC FIGURES MARCH 2021

Norwegian's traffic figures for March are heavily influenced by the travel restrictions and soft demand. The capacity was 97% lower than last year with a load factor of 42.7%. Norwegian operated nine aircraft in March, mainly on domestic routes in Norway.

Compared to the same period last year:

• Total capacity (ASK) decreased by 97%
• Total passenger traffic (RPK) decreased by 98%
• The load factor was 42.7%, down 29 p.p.
• The total number of passengers flown was 71,399, a decrease of 94%

The unit revenue (RASK) is estimated at 0.43 for the period, up by 50%.

The average flying distance for the Group decreased by 69% in March compared to the same period last year.

In March, the Group operated 99.4% of its scheduled flights, whereof 93.7% departed on time, 6.2 p.p. higher than last year

CO2 emissions was 173 grams per RPK, due to lower load factor than normal.

TRAFFIC DEVELOPMENT

Mar-21	Mar-20	Change
110	3,865	-97 %
47	2,769	-98 %
42.7 %	71.6 %	-29 p.p.
71,399	1,153,283	-94 %
Mar-21	Mar-20	Change
3,311	91,800	-96 %
1,817	79,627	-98 %
54.9 %	86.7 %	-31.8 p.p.
1,997,114	33,160,811	-94 %

PASSENGER REVENUES (ESTIMATE)

March	Mar-21	Mar-20	Change
Yield (NOK)	0.99	0.40	151 %
Unit revenue (NOK)	0.43	0.28	50 %

OPERATING PERFORMANCE

March	Mar-21	Mar-20	Change
Regularity	99.4 %	77.0 %	22.4 p.p.
Punctuality	93.7 %	87.5 %	6.2 p.p.
CO2 per RPK	173 g	85 g	104 %

HEDGE POSITIONS