Norwegian Air Shuttle ASA

Earnings Release • Apr 5, 2024

Norwegian Air Shuttle TRAFFIC FIGURES MARCH 2024

In March, Norwegian's capacity was 4% higher than March last year and 25% higher than the previous month. The load factor was 85%, up 4 p.p. from the same period last year. On average, Norwegian operated 73 aircraft during March.

Compared to the same period last year:

ASK: 2,441m

Total capacity (ASK) increased 4%

RPK: 2,075m Total passenger traffic (RPK) increased 9%

72 grams per RPK, 10% less CO²

Load Factor

Load factor this month increased 4 p.p.

Total number of passengers was 1,544,289, an increase of 3%

TRAFFIC DEVELOPMENT

March	Mar-24	Mar-23	Change
ASK (million)	2,441	2,347	4 %
RPK (million)	2,075	1,903	9 %
Load factor	85.0 %	81.1 %	4 p.p.
Passengers	1,544,289	1,502,366	3 %
Traffic 12-month rolling	Mar-24	Mar-23	Change
ASK (million)	32,493	29,553	10 %
RPK (million)	27,764	24,666	13 %
Load factor	85.4 %	83.5 %	2 p.p.
Passengers	20,784,737	19,433,445	7 %

PASSENGER REVENUES (ESTIMATE)

March	Mar-24	Mar-23	Change
Yield – total	0.92	0.81	13 %
Unit revenue – total	0.78	0.65	19 %

OPERATING PERFORMANCE

March	Mar-24	Mar-23	Change
Regularity	99.6	99.2	0.4
	%	%	p.p.
Punctuality	86.7	80.8	6
	%	%	p.p.
CO2	72	79	-10 %
per RPK	g	g

OPERATING PERFORMANCE

departed on time

FUEL HEDGE POSITIONS

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

	Volume (mt)	Price (USD/mt)
Q1 2024	65,000	815
Q2 2024	98,300	804
H2 2024	181,950	800
2025	118,200	811
2026	3,700	771

Avg. flying distance 1,230 km, 9% increase

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

Widerøe's Flyveselskap TRAFFIC FIGURES MARCH 2024

In March, Widerøe's capacity was 7% lower than March last year and 4% higher compared to the previous month. The load factor was 70%, up 6 p.p. from the same period last year.

Total capacity (ASK) decreased 7%

Compared to the same period last year:

ASK: 155m

RPK: 109m

Total passenger traffic (RPK) increased 2%

31 kg per seat, 2% less CO²

Load Factor

Load factor this month increased 6 p.p.

Total number of passengers was 276,413, a decrease of 4%

TRAFFIC DEVELOPMENT

March	Mar-24	Mar-23	Change
ASK (million)	155	166	-7 %
RPK (million)	109	107	2 %
Load factor	70.4 %	64.2 %	6 p.p.
Passengers	276,413	289,360	-4 %
Traffic 12-month rolling	Mar-24	Mar-23	Change
ASK (million)	2,069	2,085	-1
RPK (million)	1,417	1,427	-1
Load factor	68.5 %	68.4 %	% % 0 p.p.
Passengers	3,452,632	3,518,498	-2 %

PASSENGER REVENUES (ESTIMATE)

March	Mar-24	Mar-23	Change
Yield – total	4.12	4.21	-2 %
Unit revenue – total	2.90	2.70	7 %

OPERATING PERFORMANCE

March	Mar-24	Mar-23	Change
Regularity	97.6 %	95.5 %	2.1 p.p.
Punctuality	89.4	76.6	13
	%	%	p.p.
CO2	31.1	31.6	-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)
Q1 2024	11,500	6,980
Q2 2024	13,575	7,571
H2 2024	27,500	7,990
2025	25,200	8,176
2026-2027	20,950	8,144

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