Norse Atlantic ASA

Earnings Release • Apr 9, 2024

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.

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.