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

07 Jan 2025 08:00 CET

In December, Norwegian had 1,476,256 passengers, while Widerøe had 293,257
passengers, totalling 1,769,513 for the group. Capacity for Norwegian was up 24
percent, while the load factor was somewhat down from last year. During the
year, over 26.4 million passengers travelled with Norwegian and Widerøe.

“We are pleased to close out the year with a solid December performance for the
group. We kicked off 2024 with the very successful acquisition of Widerøe and
continued with significant capacity growth throughout the year by adding new
routes and destinations. I am proud that Norwegian has managed to attract over 2
million new passengers during 2024, demonstrating the continuous improvement and
relevance in our product. Over ten percent customer growth for both Norwegian
and Widerøe is substantial, and I want to thank all my colleagues for their
great work in achieving this,” said Geir Karlsen, CEO of Norwegian.

Norwegian’s capacity (ASK) was 2,491 million seat kilometres, up 24 percent from
last year. Actual passenger traffic (RPK) was 2,049 million seat kilometres,
increasing 22 percent from December 2023. The load factor was 82.2 percent, down
1.4 percentage points from the same period last year. Unit revenue was somewhat
down compared to last year, predominately due to the 10 percent increase in
sector length. Norwegian operated an average of 73 aircraft during December.

An operationally challenging month

December had several operational challenges for Norwegian, mainly due to weather
and operational issues at airports throughout Europe and the Nordics. The
regularity, meaning share of scheduled flights taking place, was 98.8 percent,
down 0.7 percentage points. Punctuality, meaning share of flights departing
within 15 minutes of scheduled time, saw a small increase of 0.3 percentage
points, and ended at 70.7 percent.

“Operationally December has, to a large extent due to winter weather conditions,
been a challenging month. We will continue to work hard to make sure our
customers get to their destinations on time. While our punctuality performance
this year could be better, I am pleased that Norwegian is once again named among
the top five most punctual airlines in Europe in 2024,” said Geir Karlsen.

In December, the Oslo District Court ruled fully in Norwegian’s favour, stating
that Norwegian was not obliged to fulfil its EU ETS obligations during the
reconstruction in 2020. In addition, the court ruled that the penalty of an
amount close to NOK 400 million was unlawful and that Norwegian is entitled to a
full refund of this penalty plus interest. The court ruling is not yet final.

For Widerøe, the capacity (ASK) in December was 152 million seat kilometres, up
2 percent from last year. The actual passenger traffic (RPK) was 111 million
seat kilometres, while the load factor was 73.3 percent, up 2.6 percentage
points from December last year. Widerøe set a new record in 2024 for the number
of passengers flown at 3.8 million passengers.

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, 7 January 2025
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 7 January 2025 at 08:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

636028_Traffic report December 2024.pdf