Norwegian strongly affected by COVID-19 – 71 percent passenger decline, 8,000
employees furloughed or laid off and 140 aircraft grounded

Norwegian today reported its results for the first half year of 2020. The
figures are as expected heavily impacted by the COVID-19 pandemic with a net
loss of NOK 5.3 billion. During the first half of 2020, 5.3 million customers
travelled with the company; a decrease of 71 percent compared to the same period
last year. Norwegian successfully converted debt, gained access to state
guaranteed loans of NOK 3 billion and conducted a public offering, in addition
to implementing a series of cost-reduction measures. Still, Norwegian is facing
challenging times ahead.


For further information, please contact: 
Tore Østby, EVP Strategic Development, phone: +47 995 464 00


Norwegian Air Shuttle ASA
Fornebu, 28 August 2020





This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.