Norwegian Air Shuttle ASA

Earnings Release • May 5, 2023

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

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

Norwegian had 1.7 million passengers and a load factor of 83 per cent in April. Norwegian is heading into the busy spring and summer season with a continued strong booking momentum. The airline is expecting one of the strongest summers in its history.

“We are satisfied with this month’s traffic figures. April is the first full month of our summer schedule with more routes and higher frequencies to our many destinations across the Nordics and Europe. We are particularly pleased with the continued strong booking momentum ahead of the summer season,” said Geir Karlsen, CEO of Norwegian.

Norwegian had 1,672,455 passengers in April, up 19 per cent from April 2022. The capacity (ASK) was 2,672 million seat kilometres, while actual passenger traffic (RPK) was 2,221 million seat kilometres. Unit revenue (RASK) is estimated at NOK 0.61, while unit revenue including flight related ancillary revenue is estimated at NOK 0.72. In April, Norwegian operated an average of 71 aircraft with a regularity, share of scheduled flights taking place, of 99.2 per cent. Operations were impacted by snowy weather at Oslo airport Gardermoen on 25 April, causing heavy delays and accounting for half of this month’s cancellations. Punctuality was at 83.4 per cent in April, measuring the number of flights departing within 15 minutes of scheduled time. However, 95.6 per cent of all departed flights arrived on schedule or within one hour of scheduled arrival time.

Positive outlook for summer months

In April, travellers took advantage of the increased range of routes and destinations during their Easter and early spring travels. The positive booking momentum continues for Norwegian in May.

“We are very happy to see that an increasing number of passengers choose to fly with Norwegian and I look forward to welcoming new and old passengers onboard in what looks like will be the strongest summer ever for Norwegian. We recommend that customers who need to travel on specific dates and to particular destinations book tickets as soon as possible, as our planes are quickly filling up during the busiest travel periods”, said Karlsen.

In addition, Norwegian is currently experiencing an increased demand for air travel during the public holidays in May, particularly to Spain, Italy, and France. To meet the demand, Norwegian has added additional departures to Barcelona, Palma, and Malaga.

Norwegian and Widerøe customers can now fly on one ticket across both airlines’ networks. This marks another step towards providing seamless travel and further improving customer experience across the two airlines. For now, tickets can be purchased on Widerøe’s website and at travel agents. Norwegian will also be able to sell combined tickets on its site and app in the future.

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, 5 May 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 5 May 2023 at 08:00 CET.