Norse Atlantic ASA

Earnings Release • Oct 7, 2024

NORSE ATLANTIC TRAFFIC FIGURES SEPTEMBER 2024

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.

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 arrived within 15 minutes of the scheduled arrival time. Indicates on time performance.| RPK (Revenue Passenger Kilometers): Number of sold seats multiplied by flight distance.