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

11 Apr 2023 08:00 CEST

Norwegian had 1.5 million passengers and a load factor of 81 percent in March.
The first month of spring marks the return of the summer schedule with a
considerable increase in capacity. In the meantime, Norwegian continues to
experience strong booking momentum, far above the booking levels seen this time
last year.

“March has been very solid month for Norwegian in terms of traffic figures. It
marks the return of the summer schedule with a considerable ramp up in capacity.
We very much look forward to welcoming a growing number of passengers on board
over the summer months of 2023,” said Geir Karlsen, CEO of Norwegian.

Norwegian had 1,502,366 passengers in March, up 60 percent from March 2022. The
capacity (ASK) was 2,347 million seat kilometres, while actual passenger traffic
(RPK) was 1,903 million seat kilometres. Unit revenue (RASK) is estimated at NOK
0.55, while unit revenue including flight related ancillary revenue is estimated
at NOK 0.65. In March, Norwegian operated an average of 67 aircraft with a
regularity, share of scheduled flights taking place, of 99.2 percent. Despite
both challenging weather conditions and significant labour action affecting air
traffic across Europe, punctuality was at 81 percent in March, measuring the
number of flights departing within 15 minutes of scheduled time. However, 95
percent of all departed flights arrived on schedule or within one hour of
scheduled arrival time.

Strong booking rate exceeding 2022

Norwegian continues to experience solid demand for air travel with a
persistently strong booking momentum.

“We are heading into the summer season with a positive outlook. Our booking
numbers are significantly higher than at this point last year. This indicates a
continued strong demand for air travel, particularly to our many attractive
beach destinations, and we expect a busy summer once more. We are very happy to
see that a growing number of travellers continue to choose Norwegian as their
preferred airline,” said Karlsen.

To prepare for the summer season, Norwegian recently insourced parts of the
ground handling service at Oslo airport Gardermoen with 150 new colleagues
joining the company. The Norwegian Red Handling team initially manages customer
facing positions at check-in, boarding and arrivals.

“We are very satisfied to see that the transition has gone smoothly. Insourcing
of ground handling services at our largest base is an important step in bringing
key functions in-house to deliver better customer service and a more seamless
travel experience,” said Karlsen.

With an expanded route network, Norwegian also continues to recruit new cabin
crew and is currently busy taking in several new modern and fuel-efficient
aircraft. Ahead of the summer 2023 season, Norwegian will take delivery of a
total of 11 modern and fuel-efficient Boeing 737 MAX 8 aircraft.

With this year’s summer programme, Norwegian offers more than 300 routes to 114
destinations, including several new destinations.

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, 11 April 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 11 April 2023 at 08:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

587285_Traffic report March 2023.pdf