Norwegian Air Shuttle ASA

Earnings Release • Aug 6, 2024

Norwegian Air Shuttle TRAFFIC FIGURES JULY 2024

In July, Norwegian's capacity was 10% higher than July last year and 10% higher than the previous month. The load factor was 92.5%, up 0.1 p.p. from the same period last year. On average, Norwegian operated 87 aircraft during July.

Compared to the same period last year:

ASK: 4,068m

Total capacity (ASK) increased 10%

RPK: 3,763m Total passenger traffic (RPK) increased 10%

66 grams per RPK, 1% less CO²

Load Factor

Load factor this month Increased 0.1 p.p.

Total number of passengers was 2,526,093, an increase of 9%

TRAFFIC DEVELOPMENT

July	Jul-24	Jul-23	Change
ASK (million)	4,068	3,712	10 %
RPK (million)	3,763	3,429	10 %
Load factor	92.5 %	92.4 %	0.1 p.p.
Passengers	2,526,093	2,309,964	9 %
Traffic 12-month rolling	Jul-24	Jul-23	Change
ASK (million)	34,474	31,018	11 %
RPK (million)	29,258	26,116	12 %
Load factor	84.9 %	84.2 %	0.7 p.p.
Passengers	21,684,207	20,175,636	7 %

PASSENGER REVENUES (ESTIMATE)

July	Jul-24	Jul-23	Change
Yield – total	1.04	1.04	0 %
Unit revenue – total	0.96	0.96	0 %

OPERATING PERFORMANCE

July	Jul-24	Jul-23	Change
Regularity	99.5	99.5	0.0
	%	%	p.p.
Punctuality	67.6	73.2	-5.6
	%	%	p.p.
CO2	66	67	-1 %
per RPK	g	g

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)
Q3 2024	129,850	803
Q4 2024	94,300	794
2025	202,000	805
2026	38,650	779

OPERATING PERFORMANCE

Widerøe's Flyveselskap TRAFFIC FIGURES JULY 2024

In July, Widerøe's capacity was 7% lower than July last year and 8% higher compared to the previous month. The load factor was 83.5%, up 4 p.p. from the same period last year.

Compared to the same period last year:

Total capacity (ASK) decreased 7% ASK: 201m

RPK: 168m Total passenger traffic (RPK) decreased 2%

36 kg per seat, 2% higher CO²

Load Factor

Load factor this month increased 4 p.p.

Total number of passengers was 331,035, an increase of 6%

TRAFFIC DEVELOPMENT

July	Jul-24	Jul-23	Change
ASK (million)	201	215	-7 %
RPK (million)	168	171	-2 %
Load factor	83.5 %	79.6 %	4.0 p.p.
Passengers	331,035	310,874	6 %
Traffic 12-month rolling	Jul-24	Jul-23	Change
ASK (million)	2,063	2,094	-1 %
RPK (million)	1,448	1,395	4 %
Load factor	70.2 %	66.6 %	3.6 p.p.
Passengers	3,594,367	3,435,164	5 %

PASSENGER REVENUES (ESTIMATE)

July	Jul-24	Jul-23	Change
Yield – total	3.43	2.64	30 %
Unit revenue – total	2.86	2.10	37 %

OPERATING PERFORMANCE

July	Jul-24	Jul-23	Change
Regularity	96.0 %	96.4 %	-0.5 p.p.
Punctuality	89.8	87.7	2.2
	%	%	p.p.
CO2	36.3	35.5	2 %
per seat	kg	kg

OPERATING PERFORMANCE

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	30,800	8,276
2026-2027	26,450	8,213

Widerøe AS kommunikasjonsavdeling@wideroe.no ● www.wideroe.no

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