Norwegian Air Shuttle ASA

Earnings Release • Oct 6, 2022

Norwegian Air Shuttle ASA TRAFFIC FIGURES SEPTEMBER 2022

In September, the capacity was 70% higher than September last year and down 13% compared to the previous month. The load factor was 85%, up from 72% in the same period last year. On average, Norwegian operated 67 aircraft during September.

Compared to the same period last year:

ASK: 2,618m

Total capacity (ASK) increased 70%

RPK: 2,230m Total passenger traffic (RPK) increased 100%

76 grams per RPK, 13% less CO2

Load Factor

Load factor this month increased 13 p.p.

Total number of passengers was 1,873,850, an increase of 92%

TRAFFIC DEVELOPMENT

September	Sep-22	Sep-21	Change
ASK (million)	2,618	1,539	70 %
RPK (million)	2,230	1,115	100 %
Load factor	85.2 %	72.4 %	13 p.p.
Passengers	1,873,850	977,719	92 %
Traffic 12-month rolling	Sep-22	Sep-21	Change
ASK (million)	25,063	5,750	336 %
RPK (million)	20,663	3,797	444 %
Load factor	82.4 %	66.0 %	16 p.p.
Passengers	16,396,816	3,626,237	352 %

PASSENGER REVENUES (ESTIMATE)

September	Sep-22	Sep-21	Change
Yield – ticket revenue	0.66	0.48	37 %
Yield – total	0.80	0.63	27 %
Unit revenue – ticket	0.56	0.35	60 %
Unit revenue – total	0.68	0.45	49 %

OPERATING PERFORMANCE

September	Sep-22	Sep-21	Change
Regularity	98.9	99.7	-0.8
	%	%	p.p.
Punctuality	80.1	92.1	-12.0
	%	%	p.p.
CO2	76	88	-13 %
per RPK	g	g

OPERATING PERFORMANCE

Scheduled flights that operated this month

HEDGE POSITIONS

The Group has no open hedge positions.

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