Press release - 14 July 2009 11:12

Norwegian Second Quarter Results 2009

First half revenue up by 24.5% to MNOK 3,287.8, quarterly revenue up by 22.5 % to MNOK 1,900.5 (1,551.2).
Earnings before depreciation and leasing (EBITDAR) in first half were MNOK 466.8 (-76.6) and in the quarter were MNOK 418.3 (67.9)
Earnings before depreciation (EBITDA) in first half were MNOK 155.7 (-267.9) and in the quarter were MNOK 257.6 (-41.8).
Net result after tax in first half was MNOK 70.6 (-272.9) and in the quarter was MNOK 180.2 (-62.2).
Ancillary revenue pr passenger up 64 % in first half.
The number of passengers in first half were 4.9 mill (+12.6 %) and in the quarter were 2.8 mill (+18.8%).
Unit cost was 0.51 in first half and 0.47 in the quarter compared to 0.56 in the firs half last year and 0.54 in the second quarter last year. Unit cost excluding fuel was 0.41 in first half and 0.38 in the quarter compared to 0.39 in first half last year and 0.35 in the second quarter last year.

Please visit Norwegian's IR pages to view the quarterly report and presentation: http://www.norwegian.com/about-norwegian/investor-relations/reports--presentations/interim-reports-and-presentations/

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Norwegian.com

The Norwegian group is a leading Nordic aviation company, headquartered at Fornebu outside Oslo, Norway. The company has over 8,200 employees and owns two of the prominent airlines in the Nordics: Norwegian Air Shuttle and Widerøe’s Flyveselskap. Widerøe was acquired by Norwegian in 2024, aiming to facilitate seamless air travel across the two airline’s networks.

Norwegian Air Shuttle, the largest Norwegian airline with around 4,700 employees, operates an extensive route network connecting Nordic countries to key European destinations. In 2023, Norwegian carried over 20 million passengers and maintained a fleet of 87 Boeing 737-800 and 737 MAX 8 aircraft.

Widerøe’s Flyveselskap, Norway’s oldest airline, is Scandinavia’s largest regional carrier. The airline has more than 3,500 employees. Mainly operating the short-runway airports in rural Norway, Widerøe operates several state contract routes (PSO routes) in addition to its own commercial network. In 2023, the airline had 3.3 million passengers and a fleet of 48 aircraft, including 45 Bombardier Dash 8’s and three Embraer E190-E2's. Widerøe Ground Handling provides ground handling services at 41 Norwegian airports.

The Norwegian group has sustainability as a key priority and has committed to significantly reducing carbon emissions from its operations. Among numerous initiatives, the most noteworthy is the investment in production and use of fossil-free aviation fuel (SAF). Norwegian strives to become the sustainable choice for its passengers, actively contributing to the transformation of the aviation industry.