Norwegian Air Shuttle ASA — Earnings Release 2021

Feb 4, 2021

Norwegian Air Shuttle ASA TRAFFIC FIGURES JANUARY 2021

Norwegian's traffic figures for January are heavily influenced by the travel restrictions and drop in demand. The capacity was 98% lower than last year with a load factor of 35.9%. On average Norwegian operated 8 aircraft in January, 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 35.9%, down 45 p.p.
• The total number of passengers flown was 74,224, a decrease of 96%

The unit revenue (RASK) is estimated at 0.29 for the period, down by 9%.

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

In January, the Group operated 96.8% of its scheduled flights, whereof 90.4% departed on time.

CO2 emissions was 196 grams per RPK, due to lower load factor than normal.

TRAFFIC DEVELOPMENT

Jan-21	Jan-20	Change
145	5,832	-98 %
52	4,720	-99 %
35.9 %	80.9 %	-45 p.p.
74,224	1,974,606	-96 %
Jan-21	Jan-20	Change
12,481	97,660	-87 %
9,012	85,093	-89 %
72.2 %	87.1 %	-14.9 p.p.
4,973,209		-86 %
		35,531,118

PASSENGER REVENUES (ESTIMATE)

January	Jan-21	Jan-20	Change
Yield (NOK)	0.81	0.40	104 %
Unit revenue (NOK)	0.29	0.32	-9 %

OPERATING PERFORMANCE

January	Jan-21	Jan-20	Change
Regularity	96.8 %	99.2 %	-2.4 p.p.
Punctuality	90.4 %	87.2 %	3.2 p.p.
CO2 per RPK	196 g	77 g	154 %

HEDGE POSITIONS