Norse Atlantic ASA

Earnings Release • Jul 3, 2025

Norse Atlantic with All-Time-High Load Factor of 99%

In June, Norse Atlantic Airways recorded an all-time-high load factor of 99%, breaking the previous record from May 2025 by 3%-points and representing a 14 %-points increase from 85% in the same month the previous year. The load factor of scheduled network was also 99%, compared to 85% in June 2024. The Company operated 648 flights and transported 214,419 passengers across its network and ACMI/charter operations, a 20% increase in passenger numbers. 70% of the flights departed within 15 minutes of their scheduled departure time, down 10%-points year-over-year due to continued Air Traffic Control (ATC) delays and airport congestions. Norse operated 59 ACMI/charter flights in June 2025, compared to none in June 2024.

KEY FIGURES JUNE 2025 *compared year on year	Load Factor 99% 14 p.p.	ASK (millions) 1,564 6%	RPK (millions) 1,542 23%
Passengers 214,419 20%	Flights 648 5%	Completion 100.0% + 0.8 p.p.	Punctuality 70% - 10 p.p.

ASK (Available Seat Kilometers): Number of available passenger seats multiplied by flight distance. | Completion: Percentage of scheduled flights that operated. | LF (Load Factor): A measure of how efficiently seats are filled, found by dividing RPK by ASK.| Punctuality: Aircraft departed within 15 minutes of the scheduled departure time. Indicates on-time performance.| RPK (Revenue Passenger Kilometers): Number of sold seats multiplied by flight distance.