Norwegian Air Shuttle ASA

Earnings Release • Nov 6, 2023

Norwegian Air Shuttle ASA TRAFFIC FIGURES OCTOBER 2023

In October, the capacity was 15% higher than October last year and 3% below the previous month. The load factor was 86.1%, up 0.3 p.p. from the same period last year. On average, Norwegian operated 78 aircraft during October.

Compared to the same period last year:

ASK:
3,115m

Total capacity (ASK) increased 15%

RPK:
2,683m

Total passenger traffic (RPK) increased 16%

73 grams per RPK, 4% less CO2

Load Factor

Load factor this month increased 0.3 p.p.

Total number of passengers was 2,066,296, an increase of 10%

TRAFFIC DEVELOPMENT

October Oct-22 Oct-23	Change 15 %
ASK (million) 3,115 2,703
RPK (million) 2,683 2,319	16 %
Load factor 86.1 % 85.8 % 0.3	p.p.
Passengers 2,066,296 1,886,620	10 %
Traffic 12-month rolling Oct-23 Oct-22	Change
ASK (million) 32,547 26,106	25 %
RPK (million) 27,388 21,610	27 %
Load factor 84.1 % 82.8 % 1.3	p.p.
Passengers 20,654,740 17,085,473	21 %

PASSENGER REVENUES (ESTIMATE)

October	Oct-23	Oct-22	Change
Yield – ticket revenue	0.76	0.71	8 %
Yield – total	0.90	0.84	8 %
Unit revenue – ticket	0.66	0.61	9 %
Unit revenue – total	0.78	0.72	8 %

OPERATING PERFORMANCE

October	Oct-23	Oct-22	Change
Regularity	99.4	99.4	0.0
	%	%	p.p.
Punctuality	85.0	84.2	0.8
	%	%	p.p.
CO2	73	76	-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 volume and price as per month-end:

	Volume (mt)	Price (USD/mt)
Q4 2023	74,050	836
1H 2024	97,600	802
2H 2024	128,300	800
2025	82,900	825

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