Norse Atlantic ASA

Earnings Release • Jun 4, 2025

Norse Atlantic with Strong Passenger Growth and All-Time-High Load Factor

Norse Atlantic with Strong Passenger Growth and All-Time-High Load Factor

Arendal, Norway, 4 June 2025 - In May, Norse Atlantic Airways recorded 41%

growth in number of passengers transported and a load factor of 96% across

network and ACMI/charter operations. This is the highest load factor ever

achieved by the company, representing a 15%-points increase compared to May

2024. The load factor in own scheduled network was 95%, an increase of 16%

-points year-over-year and on par with the previous monthly record.

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

· 96% load factor across network and ACMI/Charter operations (81%)

· 95% load factor in scheduled network (79%)

· 584 flights in scheduled network (513)

· 64 ACMI/charter flights operated (55)

· 182,854 passengers transported (129.722) across network and ACMI/charter

operations, up 41% YoY

· 81% of the flights departed within 15 minutes of their scheduled departure

time (86%)

· On-time performance continued to be negatively impacted by continued Air

Traffic Control (ATC) delays and airport congestions

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

comments:

"Norse Atlantic Airways continues to deliver a world-leading load factor and

significant volume growth. We maintain our 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.