Norwegian Air Shuttle ASA

Earnings Release • Sep 6, 2023

Norwegian Air Shuttle ASA TRAFFIC FIGURES AUGUST 2023

In August, the capacity was 18% higher than August last year and 5% lower compared to the previous month. The load factor was 85.2%, down 0.4 p.p. from the same period last year. On average, Norwegian operated 80 aircraft during August.

Compared to the same period last year:

ASK: 3,527m

Total capacity (ASK) increased 18%

RPK: 3,006m Total passenger traffic (RPK) increased 17%

72 grams per RPK, 3% less CO²

Load Factor

Load factor this month decreased 0.4 p.p.

Total number of passengers was 2,141,613, an increase of 7%

TRAFFIC DEVELOPMENT

August	Aug-23	Aug-22	Change
ASK (million)	3,527	2,998	18 %
RPK (million)	3,006	2,566	17 %
Load factor	85.2 %	85.6 %	-0.4 p.p.
Passengers	2,141,613	2,001,514	7 %
Traffic 12-month rolling	Aug-23	Aug-22	Change
ASK (million)	31,547	23,984	32 %
RPK (million)	26,556	19,549	36 %
Load factor	84.2 %	81.5 %	3 p.p.
Passengers	20,314,188	15,505,927	31 %

PASSENGER REVENUES (ESTIMATE)

August	Aug-23	Aug-22	Change
Yield – ticket revenue	0.73	0.66	10 %
Yield – total	0.87	0.80	9 %
Unit revenue – ticket	0.62	0.57	9 %
Unit revenue – total	0.74	0.68	8 %

OPERATING PERFORMANCE

August	Aug-23	Aug-22	Change
Regularity	99.6	99.7	-0.1
	%	%	p.p.
Punctuality	82.4	78.6	3.8
	%	%	p.p.
CO2	72	75	-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	72,800	759

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