Norwegian Air Shuttle ASA

Earnings Release • Oct 5, 2023

Norwegian Air Shuttle ASA TRAFFIC FIGURES SEPTEMBER 2023

In September, the capacity was 23% higher than September last year and 9% below the previous month. The load factor was 84.1%, down 1 p.p. from the same period last year. On average, Norwegian operated 80 aircraft during September.

Compared to the same period last year:

ASK: 3,208m

Total capacity (ASK) increased 23%

RPK: 2,696m

Total passenger traffic (RPK) increased 21%

74 grams per RPK, 3% less CO²

Load Factor

Load factor this month decreased 1 p.p.

Total number of passengers was 2,030,052, an increase of 8%

TRAFFIC DEVELOPMENT

September	Sep-23	Sep-22	Change
ASK (million)	3,208	2,618	23 %
RPK (million)	2,696	2,230	21 %
Load factor	84.1 %	85.2 %	-1 p.p.
Passengers	2,030,052	1,873,850	8 %
Traffic 12-month rolling	Sep-23	Sep-22	Change
ASK (million)	32,136	25,063	28 %
RPK (million)	27,022	20,664	31 %
Load factor	84.1 %	82.4 %	2 p.p.

PASSENGER REVENUES (ESTIMATE)

September	Sep-23	Sep-22	Change
Yield – ticket revenue	0.72	0.66	8 %
Yield – total	0.86	0.80	8 %
Unit revenue – ticket	0.60	0.56	7 %
Unit revenue – total	0.72	0.68	6 %

OPERATING PERFORMANCE

September	Sep-23	Sep-22	Change
Regularity	99.7	98.9	0.8
	%	%	p.p.
Punctuality	84.6	80.1	4.5
	%	%	p.p.
CO2	74	76	-3 %
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)
Q3 2023	120,850	804
Q4 2023	66,050	825
1H 2024	63,100	768
2H 2024	91,300	784
2025	23,100	845

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