Norwegian Air Shuttle ASA

Earnings Release • Nov 6, 2025

Norwegian Air Shuttle TRAFFIC FIGURES OCTOBER 2025

In October, Norwegian's capacity was 1% higher than October last year and 4% lower compared to the previous month. The load factor was 87.3%, up 0.5 p.p. from the same period last year. On average, Norwegian operated 86 aircraft during October.

Compared to the same period last year:

ASK: 3,464m

Total capacity (ASK) increased 1%

Total passenger traffic (RPK) increased 1%

70 grams per RPK, 0.8% lower CO²

Load Factor

81.1% 87.3 %

Load factor this month increased 0.5 p.p.

Total number of passengers was 2,247,585, an increase of 2%

TRAFFIC DEVELOPMENT

October	Oct-25	Oct-24	Change
ASK (million)	3,464	3,437	1 %
RPK (million)	3,025	2,985	1 %
Load factor	87.3 %	86.8 %	0.5 p.p.
Passengers	2,247,585	2,202,716	2 %
Traffic 12-month rolling	Oct-25	Oct-24	Change
ASK (million)	37,909	35,502	7 %
RPK (million)	32,396	30,220	7 %
Load factor	85.5 %	85.1 %	0.3 p.p.

PASSENGER REVENUES (ESTIMATE)

October	Oct-25	Oct-24	Change
Yield – total	0.98	0.93	5 %
Unit revenue – total	0.85	0.81	5 %

OPERATING PERFORMANCE

October	Oct-25	Oct-24	Change
Regularity	99.5	99.3	0.2
	%	%	p.p.
Punctuality	84.7	81.8	2.9
	%	%	p.p.
CO2	69.7	70.2	-0.8 %
per RPK	g	g

OPERATING PERFORMANCE

Avg. flying distance 1,267 km, unchanged from last year

Scheduled flights 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)
Q3 2025	161,950	731
Q4 2025	105,600	727
2026	235,950	686
2027	96,500	666

Widerøe's Flyveselskap TRAFFIC FIGURES OCTOBER 2025

In October, Widerøe's capacity was 2% higher than October last year and 3% lower compared to the previous month. The load factor was 73.4%, down 0.3 p.p. from the same period last year.

Compared to the same period last year:

Total capacity (ASK) increased 2%

Total passenger traffic (RPK) increased 1%

31 kg per seat, 4.1% lower CO²

Load Factor

68.6% 73.4 %

Load factor this month decreased 0.3 p.p.

Total number of passengers was 388,864, an increase of 4%

TRAFFIC DEVELOPMENT

October	Oct-25	Oct-24	Change
ASK (million)	195	192	2 %
RPK (million)	143	142	1 %
Load factor	73.4 %	73.7 %	-0.3 p.p.
Passengers	388,864	373,617	4 %
Traffic 12-month rolling	Oct-25	Oct-24	Change
ASK (million)	2,141	2,075	3 %
RPK (million)	1,578	1,486	6 %
Load factor	73.7 %	71.6 %	2.1 p.p.

PASSENGER REVENUES (ESTIMATE)

October	Oct-25	Oct-24	Change
Yield – total	4.41	4.16	6.2 %
Unit revenue – total	3.24	3.06	5.8 %

OPERATING PERFORMANCE

October	Oct-25	Oct-24	Change
Regularity	96.7 %	96.4 %	0.2 p.p.
Punctuality	88.7 %	87.6 %	1.1 p.p.
CO2 per seat	31 kg	33 kg	-4.1 %

OPERATING PERFORMANCE

Avg. flying distance 274 km, 1% increase from last year

Scheduled flights that operated this month

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)
Q3 2025	10,850	8,354
Q4 2025	10,600	8,219
2026	38,700	7,686
2027	22,850	7,821
2028	11,650	7,316

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