Norse Atlantic ASA

Norse Atlantic more than doubles YoY passenger numbers with strong increases in ASK and RPK for April.

April 2024 flying increased substantially compared to the same period in 2023

with passenger numbers more than doubling during the month. Year on year

positive increases across all key figures. The month saw an average load factor

of 79 per cent, representing an increase of 12 percentage points (p.p.) year on

year. During April, Norse Atlantic Airways had 98,542 passengers across 398

flights, including 61 charter flights. 81 per cent of flights arrived within 15

minutes of their scheduled arrival time with a completion rate of 100 per cent.

"April represented another strong month for Norse as we ramped up the number of

flights as part of our summer schedule, load factor also increased by 12

percentage points to 79%, however, some negative effect was expected due to

Easter falling in March compared to the previous year.

In addition, we welcomed more than double the number of passengers compared to

the same period last year and look forward to a busy summer ahead. We completed

a record high of 61 charter operations throughout the month, as we now move to

increase flying on our own network during the summer season, I am pleased to

note that we are already well positioned for longer term charter agreements for

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

Key traffic figures for April 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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