Norwegian Air Shuttle ASA

Earnings Release • Feb 6, 2024

Norwegian Air Shuttle TRAFFIC FIGURES JANUARY 2024

In January, Norwegian's capacity was 3% lower than January last year and 10% lower than the previous month. The load factor was 83.1%, up 5 p.p. from the same period last year. On average, Norwegian operated 63 aircraft during January.

Compared to the same period last year:

ASK: 1,820m

Total capacity (ASK) decreased 3%

RPK: 1,512m Total passenger traffic (RPK) increased 4%

75 grams per RPK, 9% less CO²

Load Factor

83.1%

Load factor this month increased 5 p.p.

Total number of passengers was 1,138,621, an increase of 1%

TRAFFIC DEVELOPMENT

January	Jan-24	Jan-23	Change
ASK (million)	1,820	1,870	-3 %
RPK (million)	1,512	1,453	4 %
Load factor	83.1 %	77.7 %	5 p.p.
Passengers	1,138,621	1,132,789	1 %
Traffic 12-month rolling	Jan-24	Jan-23	Change
ASK (million)	32,273	27,954	15 %
RPK (million)	27,446	23,307	18 %
Load factor	85.0 %	83.4 %	2 p.p.
Passengers	20,630,060	18,338,324	12 %

PASSENGER REVENUES (ESTIMATE)

January	Jan-24	Jan-23	Change
Yield – total	0.82	0.72	14 %
Unit revenue – total	0.68	0.56	22 %

OPERATING PERFORMANCE

January	Jan-24	Jan-23	Change
Regularity	99.0	99.5	-0.5
	%	%	p.p.
Punctuality	76.7	85.0	-8.3
	%	%	p.p.
CO2	75	82	-9 %
per RPK	g	g

OPERATING PERFORMANCE

Scheduled flights

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	115,950	812

Widerøe's Flyveselskap TRAFFIC FIGURES JANUARY 2024

In January, Widerøe's capacity was 4% higher than January last year and 2% higher compared to the previous month. The load factor was 62.3%, up 3 p.p. from the same period last year.

Compared to the same period last year:

ASK:	Total capacity (ASK)
152m	increased 4%
RPK:	Total passenger traffic (RPK)
94m	increased 8%

31 kg per seat, 1% less CO²

Load Factor

Load factor this month increased 3 p.p.

Total number of passengers was 246,326, an increase of 5%

TRAFFIC DEVELOPMENT

January	Jan-24	Jan-23	Change
ASK (million)	152	146	4 %
RPK (million)	94	87	8 %
Load factor	62.3 %	59.7 %	3 p.p.
Passengers	246,326	235,330	5 %
Traffic 12-month rolling	Jan-24	Jan-23	Change
ASK (million)	2,069	2,091	-1 %
RPK (million)	1,404	1,429	-2 %
Load factor	67.9 %	68.3 %	-0.5 p.p.
Passengers	3,444,875	3,512,479	-2 %

PASSENGER REVENUES (ESTIMATE)

January	Jan-24	Jan-23	Change
Yield – total	4.38	4.34	1 %
Unit revenue – total	2.73	2.59	5 %

OPERATING PERFORMANCE

January	Jan-24	Jan-23	Change
Regularity	91.1 %	94.7 %	-3.6 p.p.
Punctuality	72.7	81.3	-8.6
	%	%	p.p.
CO2	31.3	31.5	-1 %
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	22,800	8,134
2026	17,800	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