10 Nov 2022 12:32 CET

Issuer

Avinor AS

A total of 4.5 million passengers traveled through Avinor airports in October,
an increase of 32 per cent compared to October last year. The number of
travelers is 10 percent lower than in October 2019, which was the last ordinary
travel year before the pandemic started.

Compared to 2019, nine out of ten travelers are back at Avinor's airports,
traffic has now stabilized at this level in recent months, and we are seeing a
normalization of travel habits.-Both airlines, Avinor and other affiliated
companies, were hit very hard by the pandemic. Now there are other elements that
are creating unrest in the market which is largely a consequence of the war in
Ukraine. It is therefore pleasing to see that the number of passengers remains
stable after the strong catch-up we had into the summer, says director of
traffic development in Avinor, Gaute Skallerud Riise.

Change from 2021
International traffic is still the biggest driver of the increase in the number
of travelers. In October, a total of 1,724,537 passengers traveled between
Avinor's airports and abroad, an increase of 82 percent compared to 2021.
Number of passengers is still 13 per cent lower than in October 2019, when
1,986,772 traveled to and from abroad.

Inland traffic in October was 7 per cent lower than in the same month in 2019.
1.7 million traveled abroad in October, compared to almost 2 million in October
2019. This is 13 per cent lower than in October 2019.

- We see that air traffic and the number of passengers are still increasing,
compared to 2021, but it seems that the development is flattening out somewhat.
Rising loan interest rates and higher electricity and food prices can contribute
to uncertainty about families' purchasing power in the future. We think that
this unrest may affect people's travel habits. In addition, there are probably
still some companies that opt out of physical meetings in favor of digital
meetings, says Riise.

Big differences between airports
There are big differences from airport to airport. Traffic increased the most at
Oslo Airport, where overall (both domestic and international traffic) there is a
44 per cent increase compared to last year. 550,000 more passengers traveled
abroad, while 140,000 more traveled in Norway. Kristiansand Airport also
increases by 40 per cent in October (both domestic and international). Tromsø
and Bodø Airport are the airports that have increased the most in terms of the
number of foreign passengers.

Several of the smaller airports have high passenger growth in domestic traffic,
but there are also a number of airports that have fewer passengers this year
than in October last year.
See the link for detailed traffic figures per airport.

The number of aircraft movements has also increased in October this year
compared to October in 2021. This is also where the greatest growth is to and
from abroad. There were 65,534 commercial aircraft movements * in October, this
is a growth of 14 per cent compared to October last year, when the number of
aircraft movements was 57,397.

*Commercial aircraft movements include scheduled, charter and cargo aircraft as
well as offshore helicopters.

https://avinor.no/en/corporate/about-us/statistics/traffic-statistics


Source

Avinor AS

Provider

Oslo Børs Newspoint

Company Name

Avinor AS 13/28 4,45%, Avinor AS 20/31 2,38%, Avinor AS 20/26 FRN

ISIN

NO0010675903, NO0010881238, NO0010881246

Market

Oslo Børs