Norse Atlantic ASA

Earnings Release • Apr 3, 2025

Norse Remains With Record-High Load Factor

Norse Remains With Record-High Load Factor

In March, Norse Atlantic Airways recorded a load factor of 95%, equaling its

highest ever load factor achieved, and representing a 13-percentage point

increase from 82% in the same month the year before. The load factor of own

scheduled network stand-alone was 93%, compared to 79% in March 2024. The

Company operated 374 flights and transported 108,710 passengers across its

network and ACMI/charter operations, a 27% increase in passenger numbers

compared to the same period last year. 73% of the flights departed within 15

minutes of their scheduled departure time, on par with 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 167

flights operated in March 2025 compared to 46 flights in March 2024.

Investor contacts: Anders Hall Jomaas, CFO, anders.jomaas@flynorse.com