Norse Atlantic ASA

Earnings Release • May 6, 2025

Norse Atlantic Remains Steady at Record-High Load Factor

Norse Atlantic Remains Steady at Record-High Load Factor

Arendal, Norway, 6 May 2025 - In April, Norse Atlantic Airways remained at a

record-high 95% load factor, an increase of 16%-points compared to April 2024.

The load factor in own scheduled network also was the highest ever at 95%, a YoY

increase of 19%-points.

(Comparable figures for the same month the previous year shown in brackets)

· 95% load factor across own network and ACMI/Charter operations (79%)

· 95% load factor in own scheduled network (76%)

· 433 flights in own scheduled network (337)

· 66 ACMI/charter flights operated (61)

· 155,813 passengers transported (98,542) across own network and ACMI/charter

operations, up 58% YoY

· 71% of the flights departed within 15 minutes of their scheduled departure

time (81%)

· On-time performance was negatively impacted by Air Traffic Control (ATC)

delays and airport congestions

Bjørn Tore Larsen, CEO, Founder and major shareholder of Norse Atlantic,

comments:

"I'm pleased that for the third consecutive month we reached a record-high 95%

load factor across our own scheduled network and chartered flights. We have a

good momentum into the upcoming busy summer months, where we will continue to

deliver our affordable, value for money product to our customers worldwide."

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

This information is subject to disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.