Norse Atlantic ASA

82% Load Factor, 163% increase in RPK and 103% Increase in Passenger Numbers mark a successful end to Winter season

March demonstrated a strong end to the winter flying season with impressive year

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

of 82 per cent, representing an increase of 22 percentage points (p.p.) year on

year. During March, Norse Atlantic Airways had 85,652 passengers across 324

flights, including 46 charter flights. 73 per cent of flights arrived within 15

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

"Norse has ended the winter season with positive growth across all key figures,

I am especially pleased to report a doubling of passenger numbers and almost a

threefold increase in RPK year on year. We are now heading into the busy summer

season fully prepared to operate 12 aircraft at the height of the peak months

and welcome even more passengers on board.

Additionally, we operated 46 charter flights in March, the highest in a single

month since operations began. The continued month on month increase in charter

operations further demonstrates the growing Norse presence in the wide body

charter market and the trust that our charter customers place in our ability to

successfully cater for their needs," said Bjorn Tore Larsen, CEO and Founder

Norse Atlantic Airways.

Key traffic figures for March 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, Las Vegas, Los Angeles,

Orlando, Miami, Jamaica, Barbados, 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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