Norwegian Air Shuttle ASA

Earnings Release • Nov 6, 2024

Norwegian Air Shuttle TRAFFIC FIGURES OCTOBER 2024

In October, Norwegian's capacity was 10% higher than October last year and 3% lower compared to the previous month. The load factor was 86.8%, up 1 p.p. from the same period last year. On average, Norwegian operated 85 aircraft during October.

Compared to the same period last year:

ASK: 3,437m

Total capacity (ASK) increased 10%

RPK: 2,982m Total passenger traffic (RPK) increased 11%

70 grams per RPK, 3% less CO²

Load Factor

Load factor this month Increased 0.6 p.p.

Total number of passengers was 2,197,751, an increase of 6%

TRAFFIC DEVELOPMENT

October	Oct-24	Oct-23	Change
ASK (million)	3,437	3,115	10 %
RPK (million)	2,982	2,684	11 %
Load factor	86.8 %	86.2 %	0.6 p.p.
Passengers	2,197,751	2,068,412	6 %
Traffic 12-month rolling	Oct-24	Oct-23	Change
ASK (million)	35,502	32,547	9 %
RPK (million)	30,217	27,388	10 %
Load factor	85.1 %	84.1 %	1.0 p.p.
Passengers	22,282,774	20,656,856	8 %

PASSENGER REVENUES (ESTIMATE)

October	Oct-24	Oct-23	Change
Yield – total	0.93	0.90	3 %
Unit revenue – total	0.81	0.78	4 %

OPERATING PERFORMANCE

October	Oct-24	Oct-23	Change
Regularity	99.3	99.4	-0.1
	%	%	p.p.
Punctuality	81.8	85.0	-3.2
	%	%	p.p.
CO2	70	73	-3 %
per RPK	g	g

OPERATING PERFORMANCE

Scheduled flights that operated this month

FUEL HEDGE POSITIONS

Norwegian has hedged jet fuel for the following volume and price as per month-end:

	Volume (mt)	Price (USD/mt)
Q4 2024	110,500	787
1H 2025	159,600	789
2H 2025	166,200	769
2026	45,750	770

Norwegian Air Shuttle ASA investor.relations@norwegian.com ● www.norwegian.com

Widerøe's Flyveselskap TRAFFIC FIGURES OCTOBER 2024

In October, Widerøe's capacity was 5% higher than October last year and 5% higher compared to the previous month. The load factor was 73.6%, up 5 p.p. from the same period last year.

Compared to the same period last year:

Total capacity (ASK) increased 5% ASK: 192m

RPK: 141m Total passenger traffic (RPK) increased 13%

33 kg per seat, 6% higher CO²

Load Factor

Load factor this month increased 5.2 p.p.

Total number of passengers was 372,757, an increase of 16%

TRAFFIC DEVELOPMENT

October	Oct-24	Oct-23	Change
ASK (million)	192	182	5 %
RPK (million)	141	125	13 %
Load factor	73.6 %	68.4 %	5.2 p.p.
Passengers	372,757	322,530	16 %
Traffic 12-month rolling	Oct-24	Oct-23	Change
ASK (million)	2,074	2,071	0 %
RPK (million)	1,486	1,391	7 %
Load factor	71.6 %	67.1 %	4.5 p.p.
Passengers	3,723,340	3,419,481	9 %

PASSENGER REVENUES (ESTIMATE)

October	Oct-24	Oct-23	Change
Yield – total	4.16	3.82	9 %
Unit revenue – total	3.06	2.61	17 %

OPERATING PERFORMANCE

October	Oct-24	Oct-23	Change
Regularity	96.4 %	97.8 %	-1.4 p.p.
Punctuality	87.7	91.4	-3.7
	%	%	p.p.
CO2	32.7	30.8	6.3 %
per seat	kg	kg

OPERATING PERFORMANCE

87.7% Flights that departed on time this month

FUEL HEDGE POSITIONS

Widerøe has hedged jet fuel for the following volume and price as per month-end:

	Volume (mt)	Price (NOK/mt)
Q4 2024	13,225	8,082
H1 2025	18,650	8,092
H2 2025	17,750	8,339
2026	19,600	8,153
2027	11,450	8,237

ITEM	DESCRIPTION
ASK	Available seat kilometres. Number of available passenger seats multiplied by flight distance
CO2 per RPK	Amount of CO2 emissions divided by RPK
CO2 per seat	Amount of CO2 emissions divided by available seats
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 – total revenue	Passenger ticket revenue and flight related ancillary revenue divided by RPK. A measure of average passenger revenue per kilometre. Includes compensation for PSO routes for Widerøe Flyveselskap
Unit revenue – total	Passenger ticket revenue and flight related ancillary revenue divided by ASK. A measure of average passenger revenue per available seat kilometre. Includes compensation for PSO routes for Widerøe Flyveselskap