Norse Atlantic ASA

Norse Atlantic delivers 97% load factor and 31% passenger growth YoY for November

Arendal, Norway, 5 December 2025 - In November, Norse Atlantic Airways recorded

a load factor of 97% across its operations, an increase of 5%-points compared to

the same month in 2024. This is the thirteenth consecutive month with load

factor above 90%. At the end of November, five aircraft were flying on ACMI

charters for IndiGo with the sixth set to be delivered in early 2026 according

to plan.

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

· 97% load factor across network and ACMI/Charter operations (92%)

· 94% load factor in own scheduled network (89%)

· 234 flights in own scheduled network (224)

· 225 ACMI/charter flights operated (128)

· 124,580 passengers transported (94,612) across network and ACMI/charter

operations, up 31% YoY

· Norse Atlantic completed 96% of scheduled flights in the Month (100%)

· 73% of flights in own network departed within 15 minutes of scheduled

departure time (64%)

· On-time performance continues to be negatively impacted by Air Traffic

Control (ATC) delays and airport congestions

Eivind Roald, the CEO of Norse Atlantic, comments:

"Norse Atlantic delivers consistent industry-leading load factor, increased

production and strong passenger growth, reflecting our unique position with a

modern fleet, data-driven commercial model and attractive product. The

transition to a balanced business model with a focused own network and long-term

charters is progressing to plan with full impact from next year, with half of

the fleet generating stable, predictable earnings and six aircraft flying a high

-graded own network. The winter program in own network is off to a good start

with more routes from Europe to Asia and Africa, tapping into seasonally

stronger demand, complemented by charter flights for P&O Cruises between the UK

and Caribbean."

Investor contacts

Anders Hall Jomaas, CFO, [email protected]

This information is subject to disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

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