Norwegian Air Shuttle ASA (NAS) - Traffic Figures for November 2024

05 Dec 2024 08:00 CET

In November, Norwegian had 1,531,361 passengers while Widerøe had 326,041
passengers, totalling 1,857,402 for the group. Capacity for Norwegian was up a
solid 28 percent, while the load factor remained stable. Average flying distance
increased by 17 percent compared to last year as the network includes more
routes to warm winter and arctic tourism destinations.

“We are pleased that Norwegian delivered a small increase in load factor while
at the same time achieving substantial double digit capacity growth compared to
last year. This demonstrates that our winter programme is being received well by
our passengers. Despite the unit revenue being impacted by a substantial
increase in average flight distance, the unit cost is also substantially lower.
November brought several days of challenging weather conditions that affected
our operations. I would like to thank our colleagues for persevering and helping
us achieve a satisfactory operational performance. Booking momentum appears
encouraging, especially for the busy Christmas travel season, and also as a
result of successful marketing campaigns,” said Geir Karlsen, CEO of Norwegian.

Norwegian’s capacity (ASK) was 2,556 million seat kilometres, while actual
passenger traffic (RPK) was 2,109 million seat kilometres, both increasing by 28
percent from November 2023. The load factor increased by 0.1 percentage point
from the same period last year, to 82.5 percent. In November, Norwegian operated
with a regularity, meaning the share of scheduled flights taking place, of 99.1
percent. Punctuality was 81.0 percent, down 5.8 percentage points from November
last year. Norwegian operated an average of 75 aircraft during November.

Norwegian top three in global SAF observatory

This week, the Sustainable Aviation Fuels (SAF) Observatory report was published
by advocacy group Transport & Environment, ranking Norwegian among the top three
airlines globally on sustainable aviation fuels commitment. The report
highlights Norwegian’s commitment to e-Fuels as one of the key factors for the
podium placement.

“We are very pleased with the ranking, which recognises Norwegian’s choices
regarding sustainable aviation fuels. However, we see that the result from this
report shows that aviation still has a long way to go, and we need greater
support from the EU and local governments in the transition to cleaner fuels
going forward. Today, alternative fuels remain too expensive. To mitigate risk
for producers wanting to focus on sustainable aviation fuels, we need increased
regulatory support. We also need corporate and public customers to follow the
Norwegian Armed Forces example and commit to voluntary sustainable aviation fuel
agreements,” said Geir Karlsen.

For Widerøe, the capacity (ASK) in November was 165 million seat kilometres, up
3 percent from last year. The actual passenger traffic (RPK) was 118 million
seat kilometres, while the load factor was 71.3 percent, up 5.2 percentage
points from November last year.

See detailed traffic figures in the attached PDF.


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


Fornebu, 5 December 2024
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 5 December 2024 at 08:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

633871_Traffic report November 2024.pdf