Norwegian Air Shuttle ASA

Earnings Release • Mar 6, 2024

Norwegian Air Shuttle ASA (NAS) – Traffic Figures for February 2024

Norwegian Air Shuttle ASA (NAS) – Traffic Figures for February 2024

In February, Norwegian had 1,281,212 passengers, while Widerøe had 257,826 passengers, totalling 1,539,038 passengers for the group. Norwegian increased its load factor to 86 percent in February, up 2 percentage points compared to the same period last year and close to the highest ever load factor Norwegian has recorded for the month of February.

“We are delighted to once again publish strong traffic figures, demonstrating the continued trust and value our customers place on the Norwegian product and our colleagues. A load factor of 86 percent is close to the highest ever recorded for the month of February. Booking trends continue to be solid across all markets and many flights are selling out for the Easter holiday period. We are grateful for the increasing number of passengers that choose to fly Norwegian, and look forward to welcoming them on board," said Geir Karlsen, CEO of Norwegian.

Norwegian had 1,281,212 passengers in February. The capacity (ASK) was 1,951 million seat kilometres, up 7 percent from the same period last year. Actual passenger traffic (RPK) was 1,676 million seat kilometres. Unit revenue including flight related ancillary revenue is estimated at NOK 0.72, up 12 percent. In February, Norwegian operated an average of 68 aircraft with a regularity, meaning the share of scheduled flights taking place, of 99.4 percent. Punctuality, which is the share of flights departing within 15 minutes of scheduled time, was 81 percent.

Norwegian and Widerøe cooperation bearing fruits

The cooperation with Widerøe is moving forward. In February Norwegian Red Handling took over the ground services for Widerøe at Alicante and Widerøe Ground Handling now handles Norwegian at the airports of Molde, Trondheim, Stavanger, Bodø, Haugesund and Ålesund.

” The acquisition of Widerøe is already bearing fruits as we continue to capture synergies across various areas. We look forward to continue to capitalise on best practices and improving the cooperation to the benefit of all customers, colleagues and other stakeholders,” said Geir Karlsen, CEO of Norwegian.

The attached monthly traffic report does this month also include historic traffic numbers for Widerøe for the period January 2022 to December 2023. For the month of February, Widerøe increased its production with 8 percent compared with the same period last year, while the load factor increased 2 percentage points to 67 percent.

See detailed traffic figures in the attached PDF.

For further information, please contact:

Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA Tel: +47 906 64 401

Fornebu, 6 March 2024

Norwegian Air Shuttle ASA

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jesper M. Hatletveit, VP Investor Relations at Norwegian Air Shuttle ASA, on 6 March 2024 at 08:00 CET.