Norwegian Air Shuttle ASA

Earnings Release • Jul 4, 2024

Norwegian Air Shuttle TRAFFIC FIGURES JUNE 2024

In June, Norwegian's capacity was 18% higher than June last year and 7% higher than the previous month. The load factor was 84%, down 1 p.p. from the same period last year. On average, Norwegian operated 86 aircraft during June.

Compared to the same period last year:

ASK: 3,706m

Total capacity (ASK) increased 18%

RPK: 3,126m Total passenger traffic (RPK) increased 16%

72 grams per RPK, 1% less CO2

Load Factor

Load factor this month decreased 1 p.p.

Total number of passengers was 2,245,735, an increase of 11%

TRAFFIC DEVELOPMENT

June	Jun-24	Jun-23	Change
ASK (million)	3,706	3,130	18 %
RPK (million)	3,126	2,686	16 %
Load factor	84.4 %	85.8 %	-1 p.p.
Passengers	2,245,735	2,026,413	11 %
Traffic 12-month rolling	Jun-24	Jun-23	Change
ASK (million)	34,117	30,628	11 %
RPK (million)	28,920	25,825	12 %
Load factor	84.8 %	84.3 %	0 p.p.
Passengers	21,458,759	20,072,035	7 %

PASSENGER REVENUES (ESTIMATE)

June	Jun-24	Jun-23	Change
Yield – total	0.92	0.94	-3 %
Unit revenue – total	0.77	0.81	-4 %

OPERATING PERFORMANCE

June	Jun-24	Jun-23	Change
Regularity	99.4	99.6	-0.2
	%	%	p.p.
Punctuality	75.0	76.4	-1.4
	%	%	p.p.
CO2	72	73	-1 %
per RPK	g	g

OPERATING PERFORMANCE

Scheduled flights

99.4% 75.0% 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)
Q2 2024	106,360	805
Q3 2024	129,850	803
Q4 2024	94,300	794
2025	202,000	805
2026	27,950	785

Widerøe's Flyveselskap TRAFFIC FIGURES JUNE 2024

In June, Widerøe's capacity was 6% lower than June last year and 4% higher compared to the previous month. The load factor was 77%, up 5 p.p. from the same period last year.

Compared to the same period last year:

Total capacity (ASK) decreased 6% ASK: 185m

RPK: 142m Total passenger traffic (RPK) increased 1%

31 kg per seat, 2% less CO2

Load Factor

Load factor this month increased 5 p.p.

Total number of passengers was 346,747, an increase of 6%

TRAFFIC DEVELOPMENT

June	Jun-24	Jun-23	Change
ASK (million)	185	196	-6 %
RPK (million)	142	141	1 %
Load factor	76.8 %	71.7 %	5 p.p.
Passengers	346,747	326,306	6 %
Traffic 12-month rolling	Jun-24	Jun-23	Change
ASK (million)	2,077	2,081	0 %
RPK (million)	1,452	1,395	4 %
Load factor	69.9 %	67.0 %	3 p.p.
Passengers	3,574,207	3,440,352	4 %

PASSENGER REVENUES (ESTIMATE)

June	Jun-24	Jun-23	Change
Yield – total	4.10	3.47	18 %
Unit revenue – total	3.15	2.49	27 %

OPERATING PERFORMANCE

June	Jun-24	Jun-23	Change
Regularity	97.2 %	96.7 %	0.6 p.p.
Punctuality	88.9	90.5	-1.5
	%	%	p.p.
CO2	31.3	32.1	-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)
Q2 2024	13,575	7,571
Q3 2024	14,275	7,905
Q4 2024	13,225	8,082
2025	29,700	8,259
2026-2027	24,950	8,195

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