Norwegian Air Shuttle ASA

Earnings Release • Dec 6, 2023

Norwegian Air Shuttle ASA TRAFFIC FIGURES NOVEMBER 2023

In November, the capacity was 6% lower than November last year and 36% below the previous month. The load factor was 82.3%, up 3 p.p. from the same period last year. On average, Norwegian operated 66 aircraft during November.

Compared to the same period last year:

Total capacity (ASK) decreased 6%

RPK:
1,650m

Total passenger traffic (RPK) decreased 2%

76 grams per RPK, 5% less CO²

Load Factor

Load factor this month increased 3 p.p.

Total number of passengers was 1,348,111, a reduction of 2%

TRAFFIC DEVELOPMENT

November	Nov-23	Nov-22	Change
ASK (million)	2,004	2,122	-6 %
RPK (million)	1,650	1,687	-2 %
Load factor	82.3 %	79.5 %	3 p.p.
Passengers	1,348,111	1,376,350	-2 %
Traffic 12-month rolling
	Nov-23	Nov-22	Change
ASK (million)	32,429	26,799	21 %
RPK (million)	27,351	22,201	23 %
Load factor	84.3 %	82.8 %	2 p.p.

PASSENGER REVENUES (ESTIMATE)

November	Nov-23	Nov-22	Change
Yield – ticket revenue	0.73	0.61	19 %
Yield – total	0.86	0.74	16 %
Unit revenue – ticket	0.60	0.49	22 %
Unit revenue – total	0.71	0.59	20 %

OPERATING PERFORMANCE

November	Nov-23	Nov-22	Change
Regularity	99.9	99.7	0.2
	%	%	p.p.
Punctuality	86.8	90.3	-3.5
	%	%	p.p.
CO2	76	81	-5 %
per RPK	g	g

OPERATING PERFORMANCE

Scheduled flights that operated this month

FUEL HEDGE POSITIONS

The group has hedged jet fuel for the following volume and price as per month-end:

	Volume (mt)	Price (USD/mt)
Q4 2023	84,550	848
1H 2024	138,700	809
2H 2024	152,850	803
2025	98,150	820

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