Norwegian Air Shuttle ASA — Earnings Release 2021

Mar 4, 2021

Norwegian Air Shuttle ASA TRAFFIC FIGURES FEBRUARY 2021

Norwegian's traffic figures for February are heavily influenced by the travel restrictions and soft demand. The capacity was 98% lower than last year with a load factor of 38.1%. On average Norwegian operated eight aircraft in February, mainly on domestic routes in Norway.

Compared to the same period last year:

• Total capacity (ASK) decreased by 98%
• Total passenger traffic (RPK) decreased by 99%
• The load factor was 38.1%, down 44 p.p.
• The total number of passengers flown was 61,374, a decrease of 97%

The unit revenue (RASK) is estimated at 0.36 for the period, up by 19%.

The average flying distance for the Group decreased by 67% in February compared to the same period last year.

In February, the Group operated 96.8% of its scheduled flights, whereof 93.5% departed on time, 9.3 p.p. higher than last year

CO2 emissions was 202 grams per RPK, due to lower load factor than normal. Norwegian Air Shuttle ASA

TRAFFIC DEVELOPMENT

February	Feb-21	Feb-20	Change
ASK (million)	113	5,528	-98 %
RPK (million)	43	4,516	-99 %
Load factor	38.1 %	81.7 %	-44 p.p.
Passengers	61,374	1,955,585	-97 %
Traffic 12-month rolling	Feb-21	Feb-20	Change
ASK (million)	7,066	96,141	-93 %
RPK (million)	4,538	83,865	-95 %
Load factor	64.2 %	87.2 %	-23.0 p.p.
Passengers	3,078,998	34,969,368	-91 %

PASSENGER REVENUES (ESTIMATE)

February	Feb-21	Feb-20	Change
Yield (NOK)	0.96	0.37	159 %
Unit revenue (NOK)	0.36	0.30	19 %

OPERATING PERFORMANCE

February	Feb-21	Feb-20	Change
Regularity	96.8 %	98.5 %	-1.7 p.p.
Punctuality	93.5 %	84.2 %	9.3 p.p.
CO2 per RPK	202 g	77 g	163 %

HEDGE POSITIONS

The Group has no remaining open hedge positions.