Norse Atlantic ASA

Norse Atlantic more than doubles YoY passenger numbers, ASK, RPK and number of flights with continued increase in Load Factor.

May 2024 marked another month of increased flying while more than doubling

passenger numbers, ASK and RPK compared to the same period in 2023, load factor

continued to increase in line with rising summer demand. The month saw an

average load factor of 81 per cent, representing an increase of eight percentage

points (p.p.) year on year. During May, Norse Atlantic Airways had 129,722

passengers across 513 flights, including 55 charter flights. 81 per cent of

flights arrived within 15 minutes of their scheduled arrival time with a

completion rate of 99 per cent.

"May marked a busy month for Norse Atlantic as the company ramped up operations

in line with higher summer season demand. We are pleased to highlight that we

have welcomed over double the number of customers on board compared to a year

earlier while continuing to increase load factor, ASK and RPK figures.

During the month we proudly announced that Norse Atlantic has been selected as

Airline Partner of P&O Cruises for their winter 2024/2025 Caribbean cruise

season. We look forward to welcoming P&O Cruise passengers on board our modern

Boeing 787 aircraft to experience our class leading product. Additionally,

during the month we celebrated the inaugural flight linking a new market on the

Norse Atlantic network with the introduction of direct flights between New York

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

Key traffic figures for May are attached.

Contacts:

Investors: CFO, Anders Hall 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, 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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