Norse Atlantic ASA

Strong growth in January

In January, Norse Atlantic Airways began 2024 with positive year on year

performance. The month saw an average load factor of 64 per cent, representing

an increase of 12 percentage points (p.p.) year on year. During January, Norse

Atlantic Airways had 65,116 passengers across 313 flights, including 31 charter

flights. 71 per cent of flights arrived within 15 minutes of their scheduled

arrival time with a completion rate of 100 per cent.

'The first month of the year represented strong year on year growth for Norse

Atlantic with increases in load factor, ASK and RPK, demonstrating that we are

on the correct flightpath. We have continued our strategy to optimize fleet

utilisation over the quieter winter period by operating a greater number of

charters, a total of 31 in January, and we continue to see high levels of

interest in our services in this sector. Following a positive year on year start

to ticket sales at the beginning of January I am pleased to note that this has

continued through to the end of the month for both short and long lead

bookings,' said Bjorn Tore Larsen, CEO and Founder Norse Atlantic Airways.

Key traffic figures for January 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, Los Angeles, Orlando,

Jamaica, Barbados, Bangkok, Miami, 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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