Norwegian Air Shuttle ASA

Earnings Release • Jul 6, 2023

Norwegian Air Shuttle ASA TRAFFIC FIGURES JUNE 2023

In June, the capacity was 7% higher than June last year and 8% higher compared to the previous month. The load factor was 86%, up 1 p.p. from the same period last year. On average, Norwegian operated 78 aircraft during June.

Compared to the same period last year:

ASK:
3,130m

Total capacity (ASK) increased 7%

RPK:
2,686m

Total passenger traffic (RPK) increased 8%

73 grams per RPK, 2% less CO2

Load Factor

Load factor this month increased 1 p.p.

Total number of passengers was 2,026,413, an increase of 5%

TRAFFIC DEVELOPMENT

June	Jun-23	Jun-22	Change
ASK (million)	3,130	2,925	7 %
RPK (million)	2,686	2,481	8 %
Load factor	85.8 %	84.8 %	1 p.p.
Passengers	2,026,413	1,935,947	5 %
Traffic 12-month rolling	Jun-23	Jun-22	Change
ASK (million)	30,628	20,040	53 %
RPK (million)	25,823	15,591	66 %
Load factor	84.3 %	77.8 %	7 p.p.
Passengers	20,068,555	12,784,100	57%

PASSENGER REVENUES (ESTIMATE)

June	Jun-23	Jun-22	Change
Yield – ticket revenue	0.80	0.67	19 %
Yield – total	0.94	0.72	17 %
Unit revenue – ticket	0.69	0.46	21 %
Unit revenue – total	0.81	0.57	19 %

OPERATING PERFORMANCE

June	Jun-23	Jun-22	Change
Regularity	99.6	99.1	0.5
	%	%	p.p.
Punctuality	76.4	69.6	6.8
	%	%	p.p.
CO2	73	75	-2 %
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)
Q2 2023	58,800	871
Q3 2023	120,850	804
Q4 2023	66,050	825
2024	135,900	763

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