Norse Atlantic ASA

Earnings Release • Jan 8, 2026

Traffic figures December 2025

Norse Atlantic delivers 98% load factor and 22% passenger growth YoY

In December, Norse Atlantic Airways delivered strong passenger growth flying over 151 thousand passengers, an increase of 22% from the same month in 2024. The load factor was 98% across network and ACMI/Charter operations, up 4%-points year-over-year, and the fourteenth consecutive month above 90%. The load factor in own scheduled network was 96%, compared to 92% in December 2024. The Company operated 534 flights during December, of which 280 were in own scheduled network and 254 were ACMI/charter flights. 52% of the network flights departed within 15 minutes of their scheduled departure time, a 1%-point decrease YoY. Air Traffic Control (ATC) delays, airport congestions and weather delays negatively impacted on-time performance during the month, while capacity was temporarily reduced due to follow-on impacts on the engine maintenance program, as previously communicated.

Key figures December 2025 compared year on year
Load Factor	ASK (millions)	RPK (millions)	Passengers
98%	1,363	1,332	151,449
4 p.p.	49%	55%	22%
Flights	Completion	Punctuality
534	97%	52%
23%	3 p.p.	1 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 in own network. Indicates on-time performance. | RPK (Revenue Passenger Kilometers): Number of sold seats multiplied by flight distance.