Norse Atlantic ASA

Earnings Release • Jan 9, 2025

Norse Atlantic Again Achieves Record-High Load Factor

Norse Atlantic Again Achieves Record-High Load Factor

Norse Atlantic Airways again recorded its highest-ever load factor in a month,

achieving 94% in December 2024, a 23-percentage point increase from 71% in the

same month the year before. The Company operated 434 flights and transported

124,450 passengers across its network and ACMI/charter operations, a 57%

increase in passenger numbers compared to the same period last year. 53% of the

flights departed within 15 minutes of their scheduled departure time, with a

100% flight completion rate achieved. 33% of the flights arrived within 15

minutes of their scheduled arrival time. There were negative impacts from air

traffic control (ATC) and air traffic flow management (ATFM) restrictions

enroute, combined with airport related challenges through the peak season.

ACMI/charter services saw substantial growth, with 158 flights operated in

December 2024 compared to 22 flights in December 2023.

Anders Jomaas

Chief Financial Officer

anders.jomaas@flynorse.com