Flyr experienced strong demand in October with a load factor of 81,3 percent and 186,600 guests travelling with the airline

02 Nov 2022 10:30 CET

A total of 186,600 guests travelled with Flyr this month. The load factor was
81.3 percent and the punctuality was 85 percent. Demand for flights to European
holiday destinations remained solid and the unit revenue increased.  However,
demand for domestic flights in Norway continued to be lower than expected.

"We are pleased to see that the overall strong demand for flights to our
European destinations continued in October with many full flights and a load
factor of 87 percent. This demonstrates that Flyr is the preferred choice for
many leisure travelers in Norway. As previously reported, the demand for
domestic flights in Norway is still lower than expected, with a load factor of
63.7 percent, and we expect this to continue going forward, said CEO Tonje
Wikstrøm Frislid.

Going into the winter, discretionary consumer spending is expected to decrease
significantly following interest rate spikes, high general cost inflation and
record high energy prices. This is hard-hitting to the airline industry and
Flyr, as it will result in reduced demand for air travel. This, together with
the high jet-fuel prices, Flyr has decided to adjust its winter schedule to
reduce cash burn.

From November to March, Flyr will operate 5-6 aircraft on routes to several
popular European destinations, including Alicante, Malaga, Las Palmas,
Barcelona, Roma, Paris, Nice, Berlin and Brussels. The Company will also offer
flights from Oslo to Bergen and Trondheim, as well as "Christmas Routes" between
several cities in Norway in December.

Flyr had an average of 11 aircraft in operation in October. The yield was NOK
0.63, and the unit revenue (PASK) was NOK 0.54.

Flyr operated 99.2% of its scheduled flights this month and the punctuality was
85 percent.

For further information please contact:

Brede Huser, Chief Financial Officer

Phone: +47 99 16 99 74

Email: brede.huser@flyr.com

About Flyr

Flyr is a Norwegian based low-cost carrier with a demand driven business model
and a primary focus on the Norwegian market. The company targets a modern,
digital, and efficient setup to ensure high operational efficiency through
simplicity, optimized resource utilization and smart use of technology. Flyr AS
is listed at Euronext Growth under the ticker FLYR.

To learn more, please visit www.flyr.com.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements according
to section 5-12 of the Norwegian Securities Trading Act. The information was
prepared by Brede Huser, CFO at Flyr AS, on 2 October 2022 at 10:30 CET.

More information:
Access the news on Oslo Bors NewsWeb site

574518_Traffic_figures_October_2022.pdf