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Norse Atlantic ASA

Earnings Release Nov 5, 2025

3683_rns_2025-11-05_4f079a01-a5ac-41cc-abff-e778f000aa64.html

Earnings Release

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Norse Atlantic delivers 92% load factor and 12% passenger growth YoY for October

Norse Atlantic delivers 92% load factor and 12% passenger growth YoY for October

Arendal, Norway, 5 November 2025 - In October, Norse Atlantic Airways recorded a

load factor of 92% across its operations, an increase of 2%-points compared to

October 2024. This is the twelfth consecutive month with load factor above 90%.

(Comparable figures for the same month the previous year shown in brackets)

· 92% load factor across network and ACMI/Charter operations (90%)

· 90% load factor in own scheduled network (89%)

· 355 flights in own scheduled network (360)

· 130 ACMI/charter flights operated (50)

· 132,913 passengers transported (118,502) across network and ACMI/charter

operations, up 12% YoY

· Norse Atlantic completed 99.7% of scheduled flights in the Month

· 75% of flights in own network departed within 15 minutes of scheduled

departure time (74%)

· On-time performance continues to be negatively impacted by Air Traffic

Control (ATC) delays and airport congestions

Bjørn Tore Larsen, CEO, Founder and major shareholder of Norse Atlantic,

comments:

"Norse Atlantic consistently delivers industry-leading load factors and double

-digit passenger growth on the back of our data-driven commercial model,

affordable airfares and a truly great product. The partnership with IndiGo is

progressing to plan with four airplanes on long-term ACMI charter at the end of

October. Heading into winter, the growing charter operation and seasonal routes

connecting Europe with Asia and South Africa will provide resilience, stimulate

customer demand and support value-creation in line with our long-term strategy."

Investor contacts

Anders Hall Jomaas, CFO, [email protected]

This information is subject to disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

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