Norwegian Air Shuttle Asa · OSL:NAS
Norwegian Air Shuttle Asa — Investor Presentation (August 2024)
10 slides from Norwegian Air Shuttle Asa's investor presentation, August 2024
Slide 1: Norwegian Air Shuttle ASA Investor Presentation August 2024
Norwegian Air Shuttle ASA Investor Presentation August 2024
Slide 2: 14.9 million passengers (+27% YoY)
Number of passengers year-to-date (group) 14.9 million (+27% YoY) Load factor 85.1% (+0.2 p.p) 71.1% (+4.3 p.p) (change YoY) Norwegian capacity (ASK) +12% Jan’24 – Jul’24 20.6bn (YoY) Jan’23 – Jul’23 18.5bn Ytd. operating performance (Norwegian) Punctuality Among Europe’s most punctual airlines Regu
Slide 3: Delivering record strong July traffic
Delivering record strong July traffic 10 0.0% Norwegian Traffic – PAX per month, load factor and yield 95.0% 92.5% 90.0 % Significant ramp-up ahead of summer 86.2% 86.0% 1.04 85.0% 84.4% • Q2 capacity +66% from previous quarter and +19% YoY 83.6% 83.2% 85.0% 82.4% 82.1% 1.0 0 • new routes, destinati
Slide 4: Diverging revenue performance among peers
Diverging revenue performance among peers Q2 seat growth vs. LY 14.0% 12.4% 10.5% Unit revenue impacted by growth 12.0% • establishing new routes and frequencies takes time 10 .0% 8.0% 7.4% • utilising fares and campaigns to attract new customers 6.0% • signs of demand softening during Q2 4.0% Satis
Slide 5: Booking momentum picking up
Booking momentum picking up 7-day rolling sales figures (PAX) – All markets1) Persistent sales momentum • diversified bookings across destinations and travel month Aug-Oct – load on par with last year • capacity (ASK) growth 10% – down from 19% in Q2 • more than 400,000 additional tickets sold vs. l
Slide 6: Widerøe – highly complementary airline
Widerøe – highly complementary airline Vertically integrated, key regional infrastructure Capturing on key synergies* • Organisation with 3,000 employees, majority in handling and technical – consolidated synergies in excess of NOK 300m – 49 aircraft fleet – 46 DeHavilland turboprops • Commercial op
Slide 7: Summary
Summary Strong focus on key cost initiatives • industry facing cost headwinds – increased wage growth with new CBAs, environmental costs and weak local currency • operational cost initiatives – improved on-time performance – handling and airport contract negotiations – new vendor for engine maintena
Slide 8: Outlook
Outlook FY 2024 Q3 Q4 Capacity growth1) c. 12% c. 10% c. 16% FY 2023 FY 2024 Group operating profit (EBIT)2) NOK 2.1 – 2.6 billion $ Norwegian unit cost excl. fuel2) Low single-digit % increase vs. 2023 1) Available seat kilometres (ASK) vs. same period last year 2) Assuming average market rates for
Slide 9: norwegian
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Slide 10: Disclaimer
Disclaimer Certain statements included in this presentation contain forward-looking statements, such as statements of future expectations. Although the statements provided are based on the best reasonable assumptions of management of Norwegian Air Shuttle ASA (“Norwegian”), the statements are based
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