Norwegian Air Shuttle ASA (NAS) - Traffic Figures for February 2023

06 Mar 2023 08:00 CET

Norwegian had 1.2 million passengers and a load factor of 84 percent in
February. The airline experienced high demand for winter holiday travels and is
currently preparing to welcome both corporate and leisure passengers as it ramps
up capacity when moving from the winter to summer schedule.

In February, Norwegian had 1.2 million passengers, an increase of 83 percent
from this month last year. The load factor was 84 percent. Many Nordic
travellers took advantage of the winter holidays, flying with Norwegian to
warmer places in the Mediterranean and popular winter destinations in the Alps.
In addition, a high number of travellers used the winter break to book their
Easter travels, long weekends in May and summer holiday flights with Norwegian.

“We are satisfied with the traffic figures this past month, and we are
particularly pleased with a load factor of 84 percent. This demonstrates
Norwegian’s ability to offer an attractive product to passengers throughout the
year, even during the seasonally slower winter months. High load factors also
increase our fuel efficiency, an important parameter from a sustainability
perspective,” said Geir Karlsen, CEO of Norwegian.

Norwegian had 1,173,408 passengers in February, up 83 percent from February
2022. The capacity (ASK) was 1,826 million seat kilometres, while actual
passenger traffic (RPK) was 1,530 million seat kilometres. Unit revenue (RASK)
is estimated at NOK 0.54, while unit revenue including flight related ancillary
revenue is estimated at NOK 0.64. In February, Norwegian operated an average of
64 aircraft and 99.4 percent of the scheduled flights were completed.
Punctuality, the number of flights departing within 15 minutes of scheduled
time, was at 85.4 percent in February.

Ramping up for the summer schedule

“We are eager and well prepared to head into the summer. Our summer schedule
starts rolling from the end of March, and we are currently busy taking in new
aircraft and new colleagues to match the strong demand we see in our bookings.
In addition to being a highly appreciated airline amongst leisure travellers, we
continue to experience a solid demand within the business segment. This clearly
demonstrates that we have an attractive offering for Nordic business and leisure
travellers alike,” said Karlsen.

The delivery of modern and fuel-efficient aircraft, the hiring of new colleagues
and the insourcing of customer facing roles at Oslo airport Gardermoen are among
the initiatives Norwegian is undertaking to meet customers with an attractive
product in the months to come.

See detailed traffic figures in the attached PDF.


For further information, please contact:
Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA Tel: +47
906 64 401


Fornebu, 6 March 2023
Norwegian Air Shuttle ASA


This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Jesper M. Hatletveit, VP Investor Relations at
Norwegian Air Shuttle ASA, on 6 March 2023 at 08:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

584299_Traffic report February 2023.pdf