Norwegian Air Shuttle ASA

Earnings Release • Nov 4, 2022

Norwegian Air Shuttle ASA TRAFFIC FIGURES OCTOBER 2022

In October, the capacity was 63% higher than October last year and up 3% compared to the previous month. The load factor was 86%, up from 83% in the same period last year. On average, Norwegian operated 67 aircraft during October.

Compared to the same period last year:

ASK: 2,703m

Total capacity (ASK) increased 63%

RPK: 2,319m Total passenger traffic (RPK) increased 69%

76 grams per RPK, 4% less CO2

Load Factor

Load factor this month increased 3 p.p.

Total number of passengers was 1,885,606, an increase of 57%

TRAFFIC DEVELOPMENT

October	Oct-22	Oct-21	Change
ASK (million)	2,703	1,661	63 %
RPK (million)	2,319	1,373	69 %
Load factor	85.8 %	82.7 %	3 p.p.
Passengers	1,885,606	1,203,205	57 %
Traffic 12-month rolling	Oct-22	Oct-21	Change
ASK (million)	26,106	6,847	281 %
RPK (million)	21,610	4,858	345 %
Load factor	82.8 %	71.0 %	12 p.p.

PASSENGER REVENUES (ESTIMATE)

October	Oct-22	Oct-21	Change
Yield – ticket revenue	0.71	0.60	18 %
Yield – total	0.84	0.74	14 %
Unit revenue – ticket	0.61	0.50	22 %
Unit revenue – total	0.72	0.61	18 %

OPERATING PERFORMANCE

October	Oct-22	Oct-21	Change
Regularity	99.4	99.9	-0.5
	%	%	p.p.
Punctuality	84.2	88.3	-4.1
	%	%	p.p.
CO2	76	79	-4 %
per RPK	g	g

OPERATING PERFORMANCE

Scheduled flights that operated this month

FUEL HEDGE POSITIONS

The group has hedged jet fuel for the following volumes and price:

	Volume (mt)	Price (USD/mt)
Q4 2022	-	-
Q1 2023	8,400	921
Post Q1 2023	25,200	921

Norwegian Air Shuttle ASA investor.relations@norwegian.com ● www.norwegian.com

ITEM	DESCRIPTION
ASK	Available seat kilometres. Number of available passenger seats multiplied by flight distance
CO2 per RPK	Amount of CO2 emssions divided by RPK
Load Factor	RPK divided by ASK. A measure of utilisation of available seats
Punctuality	Share of flights departing on schedule
Regularity	Share of scheduled flights taking place
RPK	Revenue passenger kilometres. Number of sold seats multiplied by flight distance
Yield – ticket revenue	Passenger ticket revenue divided by RPK. A measure of average fare per kilometre
Yield – total revenue	Passenger ticket revenue and flight related ancillary revenue divided by RPK. A measure of average passenger revenue per kilometre
Unit revenue – ticket	Passenger ticket revenue divided by ASK
Unit revenue – total	Passenger ticket revenue and flight related ancillary revenue divided by ASK