Norwegian Air Shuttle ASA

Earnings Release • Feb 6, 2023

Norwegian Air Shuttle ASA TRAFFIC FIGURES JANUARY 2023

In January, the capacity was 44% higher than January last year and down 12% compared to the previous month. The load factor was 78%, up 8 p.p. from the same period last year. On average, Norwegian operated 62 aircraft during January.

Compared to the same period last year:

ASK: 1,870m

Total capacity (ASK) increased 44%

RPK: 1,453m

Total passenger traffic (RPK) increased 61%

82 grams per RPK, 7% less CO2

Load Factor

Load factor this month increased 8 p.p.

Total number of passengers was 1,131,474, an increase of 78%

TRAFFIC DEVELOPMENT

January	Jan-23	Jan-22	Change
ASK (million)	1,870	1,298	44 %
RPK (million)	1,453	902	61 %
Load factor	77.7 %	69.5 %	8 p.p.
Passengers	1,131,474	634,915	78 %
Traffic 12-month rolling	Jan-23	Jan-22	Change
ASK (million)	27,954	10,950	164 %
RPK (million)	23,307	7,719	202 %
Load factor	83.4 %	72.9 %	11 p.p.
Passengers	18,337,009	6,753,808	172 %

PASSENGER REVENUES (ESTIMATE)

January	Jan-23	Jan-22	Change
Yield – ticket revenue	0.59	0.46	27 %
Yield – total	0.72	0.58	23 %
Unit revenue – ticket	0.45	0.32	41 %
Unit revenue – total	0.56	0.41	37 %

OPERATING PERFORMANCE

January	Jan-23	Jan-22	Change
Regularity	99.5	99.2	0.3
	%	%	p.p.
Punctuality	85.0	85.9	-0.9
	%	%	p.p.
CO2	82	88	-7 %
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)
Q1 2023	17,600	903
Q2 2023	37,800	896
2H 2023	77,200	885

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