Norse Atlantic ASA

Earnings Release • Sep 3, 2025

Norse Atlantic delivers 95% load factor in August, surpassing 4 million passengers flown

In August, Norse Atlantic Airways recorded a load factor of 95%, representing an 8%-points increase from the same month the previous year. The load factor in own scheduled network was also 95%, compared to 87% in August 2024. The Company operated 659 flights and transported 208,153 passengers across its network and ACMI/charter operations, a 9% increase year-over-year. 64% of the flights departed within 15 minutes of their scheduled departure time, down 15%-points year-over-year. Air Traffic Control (ATC) delays and airport congestions continue to negatively impact on-time performance. Norse operated 52 ACMI/charter flights in August 2025, compared to 11 in August 2024.

KEY FIGURES AUGUST 2025 *compared year on year	Load Factor 95% 8 p.p.	ASK (millions) 1,684 7%	RPK (millions) 1,599 17%
Passengers 208,153 9%	Flights 659 -	Completion 99% - 1 p.p.	Punctuality 64% - 15 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.