Norse Atlantic ASA

89% load factor in September breaks all previous records

Norse Atlantic set another record in September with the highest recorded load

factor in the company's history.The month saw an average load factor of 89 per

cent, representing an increase of 11 percentage point (p.p.) year on year.

During September, Norse Atlantic had 146,688 passengers, representing an

increase of nine per cent across 513 flights compared to a year earlier,

including 29 charters operated during the month. Norse Atlantic completed 100

per cent of scheduled flights in the month, while 81 per cent of flights arrived

within 15 minutes of their scheduled arrival time.

"We are delighted to mark another record month for the airline with 89 per cent

load factor being the highest in our history. Having begun to reduce our own

network flying in line with seasonality I am pleased to highlight that our

charter operations have in turn increased this month and will continue to do so.

In September, Norse Atlantic celebrated having sold more than two million

tickets since the company's inception in 2022. Furthermore, we have released for

sale the final flights in our summer 2025 season going up to the end of October,

allowing customers to book ahead and take advantage of our great value fares,"

said Bjorn Tore Larsen, CEO and Founder Norse Atlantic.

Key traffic figures for September are attached.

Contacts:

Investors: CFO, Anders Hall Jomaas, [email protected]

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

Norse Atlantic 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, Las Vegas, Los Angeles, Orlando,

Miami, Cape Town, Bangkok, Oslo, Athens, 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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