Earnings Release • Mar 5, 2025
Earnings Release
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Norse achieves another record-high load factor
In February, Norse Atlantic Airways recorded a load factor of 95%, achieving its
highest ever load factor, and representing a 23-percentage point increase from
72% in the same month the year before. The load factor of own scheduled network
stand-alone was 93%, compared to 70% in February 2024. The Company operated 301
flights and transported 84,335 passengers across its network and ACMI/charter
operations, a 66% increase in passenger numbers compared to the same period last
year. 70% of the flights departed within 15 minutes of their scheduled departure
time, compared to 84% the same month last year. On-time performance was
negatively impacted by Air Traffic Control (ATC) delays and airport congestions.
ACMI/charter services saw large growth, with 137 flights operated in February
2025 compared to 30 flights in February 2024.
Investor contacts: Anders Hall Jomaas, CFO, [email protected]
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