Norwegian Air Shuttle ASA

Earnings Release • May 5, 2023

Norwegian Air Shuttle ASA TRAFFIC FIGURES APRIL 2023

In April, the capacity was 19% higher than April last year and 14% higher compared to the previous month. The load factor was 83%, up 5 p.p. from the same period last year. On average, Norwegian operated 71 aircraft during April.

Compared to the same period last year:

Total capacity (ASK) increased 19%

RPK:
2,221m

Total passenger traffic (RPK) increased 26%

76 grams per RPK, 6% less CO2

Load Factor

Load factor this month increased 5 p.p.

Total number of passengers was 1,672,455, an increase of 19%

TRAFFIC DEVELOPMENT

April	Apr-23	Apr-22	Change
ASK (million)	2,672	2,243	19 %
RPK (million)	2,221	1,763	26 %
Load factor	83.1 %	78.6 %	5 p.p.
Passengers	1,672,455	1,399,881	19 %
Traffic 12-month rolling	Apr-23	Apr-22	Change
ASK (million)	29,981	15,081	99 %
RPK (million)	25,124	11,423	120 %
Load factor	83.8 %	75.7 %	8 p.p.
Passengers	19,706,019	9,542,430	107 %

PASSENGER REVENUES (ESTIMATE)

April	Apr-23	Apr-22	Change
Yield – ticket revenue	0.73	0.63	16 %
Yield – total	0.87	0.77	13 %
Unit revenue – ticket	0.61	0.50	22 %
Unit revenue – total	0.72	0.60	20 %

OPERATING PERFORMANCE

April	Apr-23	Apr-22	Change
Regularity	99.2	99.3	-0.1
	%	%	p.p.
Punctuality	83.4	82.6	0.8
	%	%	p.p.
CO2	76	81	-6 %
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	55,800	878
Q3 2023	74,850	853
Q4 2023	55,450	847
2024	101,900	782

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