Norwegian Air Shuttle ASA

Earnings Release • Aug 4, 2023

Norwegian Air Shuttle ASA (NAS) - Traffic Figures for July 2023

Norwegian Air Shuttle ASA (NAS) - Traffic Figures for July 2023

In July, Norwegian had 2.3 million passengers. The load factor was 92.4 per cent. Capacity was at its peak for the current year and 12 per cent higher than July last year. Continued bookings throughout the month made by travel hungry Nordic customers contributed to making this a historically strong July.

“July was an outstanding month for Norwegian in terms of traffic figures. We have welcomed the highest number of passengers this year, over 100,000 more compared to July last year. Our colleagues in the air and on the ground have worked relentlessly to make sure our passengers reached their destinations safely, and as smoothly as possible, despite a few challenging situations across airports in Europe,” said Geir Karlsen, CEO of Norwegian.

Norwegian had 2,308,417 passengers in July, up 5 per cent from July 2022. The capacity (ASK) was 3,712 million seat kilometres, while actual passenger traffic (RPK) was 3,430 million seat kilometres. Unit revenue (RASK) is estimated at NOK 0.82, while unit revenue including flight related ancillary revenue is estimated at NOK 0.96. In July, Norwegian operated an average of 79 aircraft with a regularity, share of scheduled flights taking place, of 99.5 percent. Punctuality was at 73.2 percent in July, the share of flights departing within 15 minutes of scheduled time. However, 95.3 per cent of all departed flights arrived on schedule or within one hour of scheduled arrival time.

Solid booking momentum continues

The booking momentum remains promising and while July saw many last-minute bookings by Nordic travellers longing for sunnier destinations, this trend is continuing into August. In addition, booking rates for travels in September are strong.

“The unstable weather in the Nordics this summer has clearly impacted travel patterns, and we notice continued strong bookings throughout the month. I am very pleased to see that so many travellers choose to fly with us this summer, both domestically, within the Nordics and across Europe. I would like to thank all our colleagues for their contribution to taking care of our passengers during the busiest season of the year. Our solid operational performance has been helped by exclusively serving our customers with our own fleet of aircraft and crew,” said Karlsen.

Norwegian continues to offer an attractive route network throughout the Nordics and to European beach and city destinations throughout the late summer and autumn. Norwegian’s direct route between Tromsø and Copenhagen has been well received so far. Ticket sales opened in July and the route will operate as part of next winter’s schedule.

See detailed traffic figures in the attached PDF.

For further information, please contact:

Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA Tel: +47 906 64 401

Fornebu, 4 August 2023

Norwegian Air Shuttle ASA

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jesper M. Hatletveit, VP Investor Relations at Norwegian Air Shuttle ASA, on 4 August 2023 at 08:00 CET.