Norwegian Air Shuttle ASA

Earnings Release • Jul 4, 2025

Norwegian Air Shuttle TRAFFIC FIGURES JUNE 2025

In June, Norwegian's capacity was 0.2% lower than June last year and 4% higher compared to the previous month. The load factor was 88.4%, up 4.0 p.p. from the same period last year. On average, Norwegian operated 89 aircraft during June.

Compared to the same period last year:

ASK: 3,698m

Total capacity (ASK) decreased 0.2%

RPK: 3,268m Total passenger traffic (RPK) increased 5%

69 grams per RPK, 4.3% lower CO²

Load Factor

Load factor this month increased 4.0 p.p.

Total number of passengers was 2,371,908, an increase of 6%

TRAFFIC DEVELOPMENT

June	Jun-25	Jun-24	Change
ASK (million)	3,698	3,706	-0.2 %
RPK (million)	3,268	3,126	5 %
Load factor	88.4 %	84.3 %	4.0 p.p.
Passengers	2,371,908	2,245,735	6 %
Traffic 12-month rolling	Jun-25	Jun-24	Change
ASK (million)	37,679	34,117	10 %
RPK (million)	32,140	28,925	11 %
Load factor	85.3 %	84.8 %	0.5 p.p.
Passengers	23,007,096	21,468,078	7 %

PASSENGER REVENUES (ESTIMATE)

June	Jun-25	Jun-24	Change
Yield – total	1.00	0.92	9 %
Unit revenue – total	0.88	0.78	14 %

OPERATING PERFORMANCE

June	Jun-25	Jun-24	Change
Regularity	99.8	99.4	0.4
	%	%	p.p.
Punctuality	81.6	75.0	6.6
	%	%	p.p.
CO2	69	72	-4.3 %
per RPK	g	g

OPERATING PERFORMANCE

departed on time this month

FUEL HEDGE POSITIONS

81.6%

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

	Volume (mt)	Price (USD/mt)
Q2 2025	138,650	745
Q3 2025	161,950	731
Q4 2025	105,600	727
2026	172,800	692
2027	13,950	667

Widerøe's Flyveselskap TRAFFIC FIGURES JUNE 2025

In June, Widerøe's capacity was 4% higher than June last year and 1% lower compared to the previous month. The load factor was 81.1%, up 4.3 p.p. from the same period last year.

Compared to the same period last year:

Total capacity (ASK) increased 4% ASK: 192m

RPK: 156m Total passenger traffic (RPK) increased 9%

32 kg per seat, 0.7% lower CO²

Load Factor

Load factor this month increased 4.3 p.p.

Total number of passengers was 394,290, an increase of 14%

TRAFFIC DEVELOPMENT

June	Jun-25	Jun-24	Change
ASK (million)	192	185	4 %
RPK (million)	156	142	9 %
Load factor	81.1 %	76.8 %	4.3 p.p.
Passengers	394,290	346,747	14 %
Traffic 12-month rolling	Jun-25	Jun-24	Change
ASK (million)	2,119	2,077	2
RPK (million)	1,565	1,452	% 8 %
Load factor	73.9 %	69.9 %	4.0 p.p.
Passengers	4,012,023	3,574,207	12 %

PASSENGER REVENUES (ESTIMATE)

June	Jun-25	Jun-24	Change
Yield – total	4.23	4.10	3 %
Unit revenue – total	3.43	3.15	9 %

OPERATING PERFORMANCE

June	Jun-25	Jun-24	Change
Regularity	97.8 %	97.2 %	0.5 p.p.
Punctuality	89.1 %	88.9 %	0.2 p.p.
CO2 per seat	32 kg	32 kg	-0.7 %

OPERATING PERFORMANCE

89.1% Flights that departed on time this month

FUEL HEDGE POSITIONS

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

	Volume (mt)	Price (NOK/mt)
Q2 2025	10,000	8,379
Q3 2025	10,850	8,354
Q4 2025	10,600	8,219
2026	31,400	7,862
2027	19,300	7,980
2028	6,700	7,468

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