Norwegian Air Shuttle ASA

Earnings Release • Aug 4, 2023

Norwegian Air Shuttle ASA TRAFFIC FIGURES JULY 2023

In July, the capacity was 12% higher than July last year and 19% higher compared to the previous month. The load factor was 92.4%, down 2 p.p. from the same period last year. On average, Norwegian operated 79 aircraft during July.

Compared to the same period last year:

ASK: 3,712m

Total capacity (ASK) increased 12%

RPK: 3,430m

Total passenger traffic (RPK) increased 9%

67 grams per RPK, 1% less CO2

Load Factor

Load factor this month decreased 2 p.p.

Total number of passengers was 2,308,417, an increase of 5%

TRAFFIC DEVELOPMENT

July	Jul-23	Jul-22	Change
ASK (million)	3,712	3,322	12 %
RPK (million)	3,430	3,138	9 %
Load factor	92.4 %	94.5 %	-2 p.p.
Passengers	2,308,417	2,206,363	5 %
Traffic 12-month rolling	Jul-23	Jul-22	Change
ASK (million)	31,018	22,221	40 %
RPK (million)	26,117	17,879	46 %
Load factor	84.2 %	80.5 %	4 p.p.
Passengers	20,174,089	14,294,633	41 %

PASSENGER REVENUES (ESTIMATE)

July	Jul-23	Jul-22	Change
Yield – ticket revenue	0.89	0.86	3 %
Yield – total	1.04	1.00	3 %
Unit revenue – ticket	0.82	0.81	1 %
Unit revenue – total	0.96	0.95	1 %

OPERATING PERFORMANCE

July	Jul-23	Jul-22	Change
Regularity	99.5	99.7	-0.2
	%	%	p.p.
Punctuality	73.2	62.2	11.0
	%	%	p.p.
CO2	66.9	67.5	-1 %
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

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