Norse Atlantic more than doubles YoY passenger numbers, ASK, RPK and number of flights with continued increase in Load Factor.

07 Jun 2024 08:00 CEST

May 2024 marked another month of increased flying while more than doubling
passenger numbers, ASK and RPK compared to the same period in 2023, load factor
continued to increase in line with rising summer demand. The month saw an
average load factor of 81 per cent, representing an increase of eight percentage
points (p.p.) year on year. During May, Norse Atlantic Airways had 129,722
passengers across 513 flights, including 55 charter flights. 81 per cent of
flights arrived within 15 minutes of their scheduled arrival time with a
completion rate of 99 per cent.

"May marked a busy month for Norse Atlantic as the company ramped up operations
in line with higher summer season demand. We are pleased to highlight that we
have welcomed over double the number of customers on board compared to a year
earlier while continuing to increase load factor, ASK and RPK figures.

During the month we proudly announced that Norse Atlantic has been selected as
Airline Partner of P&O Cruises for their winter 2024/2025 Caribbean cruise
season. We look forward to welcoming P&O Cruise passengers on board our modern
Boeing 787 aircraft to experience our class leading product. Additionally,
during the month we celebrated the inaugural flight linking a new market on the
Norse Atlantic network with the introduction of direct flights between New York
JFK and Athens," said Bjorn Tore Larsen, CEO and Founder Norse Atlantic Airways.

Key traffic figures for May are attached.

Contacts:

Investors: CFO, Anders Hall Jomaas, Anders.Jomaas@flynorse.com

Media: SVP Communications, Philip Allport, philip.allport@flynorse.com

Norse Atlantic Airways is an airline that offers affordable fares on long-haul
flights, primarily between Europe and the United States. The company was founded
by CEO and major shareholder Bjørn Tore Larsen in March 2021. Norse has a fleet
of 15 modern, fuel-efficient and more environmentally friendly Boeing 787
Dreamliners that serve destinations including New York, Las Vegas, Los Angeles,
Orlando, Miami, Cape Town, Bangkok, Oslo, Athens, London, Berlin, Rome and
Paris. The company's first flight took off from Oslo to New York on June 14,
2022.

More information:
Access the news on Oslo Bors NewsWeb site

620944_2024_MAY_Norse_Atlantic_Airways_Traffic_Figures.pdf