Norse Atlantic ASA

Strong year on year performance and 100 per cent completion of scheduled flights

In October, Norse Atlantic Airways continued to demonstrate strong year on year

performance. The month saw an average load factor of 75 per cent, representing

an increase of 15 percentage points (p.p.) year on year. During October, Norse

Atlantic Airways had 102,410 passengers across 403 flights, with 83 per cent of

flights arriving within 15 minutes of their scheduled arrival time and a

completion rate of 100 per cent.

"We are pleased that October has continued with a strong year on year

performance trend cross all areas of the business and that our operational

robustness, with 100 per cent of flights operated and 83 per cent on time

performance, remains one of the best in the industry. Looking ahead to the

winter we are now focused on launching our winter sun routes, having launched

flights to Bangkok from Oslo at the beginning of November and the Caribbean from

London to come in early December. Our charter operations continue to gather pace

in the winter months especially during the periods of traditionally lower

demand," said Bjorn Tore Larsen, CEO and Founder Norse Atlantic Airways.

Key traffic figures for October are attached.

Contacts:

Investors: CFO, Anders Jomaas, [email protected]

Media: SVP Communications, Philip Allport, [email protected]

Norse Atlantic Airways is an airline that offers affordable fares on long-haul

flights, primarily between Europe and the United States. The company was founded

by CEO and major shareholder Bjørn Tore Larsen in March 2021. Norse has a fleet

of 15 modern, fuel-efficient and more environmentally friendly Boeing 787

Dreamliners that serve destinations including New York, Los Angeles, Orlando,

Boston, Washington, San Francisco, Jamaica, Barbados, Bangkok, Miami, Oslo,

London, Berlin, Rome and Paris. The company's first flight took off from Oslo to

New York on June 14, 2022.

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