Flyprat - Norwegian Air Shuttle Asa

NORWEGIAN AIR SHUTTLE ASA
QUARTERLY REPORT - FOURTH QUARTER 2007

FOURTH QUARTER IN BRIEF
- The Group earnings before tax (EBT) was MNOK -
34.0 (-35.6) in the fourth quarter.

- The fourth quarter operating revenue increased
by 50.7 %, compared to last year, to MNOK 1,145.4
(759.9).

- The total quarterly earnings before depreciation
(EBITDA) were MNOK -36.3 (-19.0), and the
quarterly earnings after tax were MNOK -21.5 (-
24.8).

- Norwegian transported a total of 1,670,075
passengers in the fourth quarter, passenger
traffic (RPK) increased by 38 % compared to the
same period last year. FlyNordic transported
332,565 passengers in the fourth quarter.

- The passenger load factor was 78 % (72 %) in the
fourth quarter for Norwegian, whereas FlyNordic
had a load factor of 74 %.

- The total production (ASK) increased by 27 % to
1,811 million this quarter for Norwegian. Total
production (ASK) for Fly Nordic was 311 million in
fourth quarter.

- The total quarterly unit cost for Norwegian was
NOK 0.55 (0.55).

- Norwegian started Bank Norwegian in October
2007, and Norwegian`s total ownership in the bank
is 20 %. A total of MNOK 9.0 of EBT is due to the
sale of ownership and share of net results in the
bank during the quarter.

Please see attached file for further information.
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http://www.newsweb.no/newsweb/atmnt/...A.pdf?id=51032