Norse Atlantic ASA

Strong performance in December, forward bookings up by 77 per cent.

In December, Norse Atlantic Airways continued to demonstrate strong year on year

performance. The month saw an average load factor of 71 per cent, representing

an increase of 10 percentage points (p.p.) year on year. During December, Norse

Atlantic Airways had 79,240 passengers across 343 flights, including 22 charter

flights. 61 per cent of flights arrived within 15 minutes of their scheduled

arrival time with a completion rate of 100 per cent.

"December represented a busy month for Norse as passenger demand increased in

line with the holiday season while we continued our robust operational

performance throughout the month with zero cancellations. We are also pleased to

have completed 22 charter flights during December which highlights the continued

focus on the efficient use of our fleet during the quieter winter months.

During December we launched sales from New York to Athens with flights to

commence in May 2024, we also released for sale the first wave of flights across

our network running up to the end of the Winter 2025 season, furthermore,

forward bookings since 1[st] January 2024 are 77 per cent higher than the same

period last year. Additionally, we have reduced the frequencies of certain low

demand routes in the seasons ahead to ensure that our focus remains on operating

a profitable network. We continue to conduct the ongoing strategic review of the

business as previously announced and will update once concluded" said Bjorn Tore

Larsen, CEO and Founder of Norse Atlantic Airways.

Philip Allport

Senior Vice President Communications

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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