Norse Atlantic ASA

Earnings Release • Nov 5, 2025

NORSE ATLANTIC TRAFFIC FIGURES OCTOBER 2025

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

In October, Norse Atlantic Airways recorded a load factor of 25%, representing a 2%-points increase from the same month the previous year. The load factor in own scheduled network was also 90%, compared to 89% in October 2024. The Company operated 485 flights and transported 132,913 passengers across its network and ACMI/charter operations, a 12% increase year-over-year (YoY). 75% of the flights departed within 15 minutes of their scheduled departure time, a 1%-point increase YoY. Air Traffic Control (ATC) delays and airport congestions continue to negatively impact on-time performance. Norse operated 130 ACMI/charter flights in October 2025, compared to 50 in the same month a year earlier.

KEY FIGURES OCTOBER 2025 *compared year on year	Load Factor 92% ↑ 2 p.p.	ASK (millions) 1,226 132%	RPK (millions) 1,129 36%
Passengers 132,913 ★ 12%	Flights 485 ↑ 18%	Completion 100% → 0 p.p.	Punctuality 75% 1 p.p.

ASK (Available Seat Kilometers): Number of available passenger seats multiplied by flight distance. | Completion: Percentage of scheduled flights that operated. | LF (Load Factor): A measure of how efficiently seats are filled, found by dividing RPK by ASK. | Punctuality: Aircraft departed within 15 minutes of the scheduled departure time in own network. Indicates on-time performance. | RPK (Revenue Passenger Kilometers): Number of sold seats multiplied by flight distance.