Norse Atlantic ASA

Earnings Release • Mar 6, 2024

72% Load Factor in February Representing Strong Year On Year Improvement of 22 percentage points

February marked another month of continued year on year positive performance. The month saw an average load factor of 72 per cent, representing an increase of 22 percentage points (p.p.) year on year. During February, Norse Atlantic Airways had 50,694 passengers across 225 flights, including 30 charter flights. 82 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.