Norwegian Air Shuttle ASA

Earnings Release • Sep 5, 2024

Norwegian Air Shuttle TRAFFIC FIGURES AUGUST 2024

In August, Norwegian's capacity was 11% higher than August last year and 4% lower compared to the previous month. The load factor was 85.7%, up 0.4 p.p. from the same period last year. On average, Norwegian operated 86 aircraft during August.

Compared to the same period last year:

ASK: 3,899m

Total capacity (ASK) increased 11%

RPK: 3,341m Total passenger traffic (RPK) increased 11%

71 grams per RPK, 2% less CO²

Load Factor

Load factor this month Increased 0.4 p.p.

Total number of passengers was 2,369,469, an increase of 10%

TRAFFIC DEVELOPMENT

August	Aug-24	Aug-23	Change
ASK (million)	3,899	3,527	11 %
RPK (million)	3,341	3,008	11 %
Load factor	85.7 %	85.3 %	0.4 p.p.
Passengers	2,369,469	2,144,740	10 %
Traffic 12-month rolling	Aug-24	Aug-23	Change
ASK (million)	34,846	31,547	10 %
RPK (million)	29,592	26,557	11 %
Load factor	84.9 %	84.2 %	0.7 p.p.
Passengers	21,908,936	20,318,862	8 %

PASSENGER REVENUES (ESTIMATE)

August	Aug-24	Aug-23	Change
Yield – total	0.88	0.87	1 %
Unit revenue – total	0.75	0.74	1 %

OPERATING PERFORMANCE

August	Aug-24	Aug-23	Change
Regularity	99.5	99.6	-0.1
	%	%	p.p.
Punctuality	76.5	82.4	-5.9
	%	%	p.p.
CO2	71	72	-2 %
per RPK	g	g

Avg. flying distance 1,372 km, 3% increase from last year

OPERATING PERFORMANCE

Scheduled flights that operated this month

Flights that departed on time 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)
Q3 2024	140,350	799
Q4 2024	110,500	787
2025	273,600	789
2026	38,650	779

Widerøe's Flyveselskap TRAFFIC FIGURES AUGUST 2024

In August, Widerøe's capacity was 2% lower than August last year and 3% lower compared to the previous month. The load factor was 76.5%, up 4 p.p. from the same period last year.

Compared to the same period last year:

ASK: 194m

Total capacity (ASK) decreased 2%

RPK: 148m Total passenger traffic (RPK) increased 3%

33 kg per seat, unchanged CO²

Load Factor

Load factor this month increased 4 p.p.

Total number of passengers was 340,995, an increase of 8%

TRAFFIC DEVELOPMENT

August	Aug-24	Aug-23	Change
ASK (million)	194	197	-2 %
RPK (million)	148	143	3 %
Load factor	76.5 %	72.5 %	3.9 p.p.
Passengers	340,995	314,369	8 %
Traffic 12-month rolling	Aug-24	Aug-23	Change
ASK (million)	2,059	2,094	-2 %
RPK (million)	1,453	1,399	4 %
Load factor	70.6 %	66.8 %	3.7 p.p.
Passengers	3,620,993	3,438,230	5 %

PASSENGER REVENUES (ESTIMATE)

August	Aug-24	Aug-23	Change
Yield – total	3.87	3.33	16 %
Unit revenue – total	2.96	2.41	23 %

OPERATING PERFORMANCE

August	Aug-24	Aug-23	Change
Regularity	97.3 %	97.1 %	0.2 p.p.
Punctuality	92.7	90.6	2.1
	%	%	p.p.
CO2	33.0	33.1	-0.3 %
per seat	kg	kg

OPERATING PERFORMANCE

Scheduled flights that operated this month

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)
Q3 2024	14,275	7,905
Q4 2024	13,225	8,082
2025	32,000	8,270
2026-2027	27,750	8,208

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