Norse Atlantic ASA

Report Publication Announcement • May 13, 2024

Norse Atlantic more than doubles YoY passenger numbers with strong increases in ASK and RPK for April.

April 2024 flying increased substantially compared to the same period in 2023 with passenger numbers more than doubling during the month. Year on year positive increases across all key figures. The month saw an average load factor of 79 per cent, representing an increase of 12 percentage points (p.p.) year on year. During April, Norse Atlantic Airways had 98,542 passengers across 398 flights, including 61 charter flights. 81 per cent of flights arrived within 15 minutes of their scheduled arrival time with a completion rate of 100 per cent.

KEY FIGURES April 2024 *compared year on year	Load Factor 79% 12 p.p.	ASK (millions) 866 93%	RPK (millions) 680 126%
Passengers 98,542 102%	Flights 398 83%	Completion 100%	Punctuality 81% 2 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 arrived within 15 minutes of the scheduled arrival time. Indicates on time performance.| RPK (Revenue Passenger Kilometers): Number of sold seats multiplied by flight distance.