Norse Atlantic continues positive trend and records its highest ever load factor

08 Nov 2024 08:01 CET

October saw Norse Atlantic record its highest ever load factor for a month,
achieving 90%, which represented a 15-percentage point (p.p.) year-on-year
increase. During October, Norse Atlantic had 118,502 passengers, representing an
increase of 16 per cent compared to a year earlier, across 410 flights,
including 50 charters. Norse Atlantic completed 99 per cent of scheduled flights
in the month, while 74 per cent of flights arrived within 15 minutes of their
scheduled arrival time.

"It is a pleasure to report our highest ever load factor in what is just under
two and a half years since our first flight, continuing the positive trend in
month-on-month passenger numbers as we continue to improve all parts of our
business.

In October we celebrated an important milestone as we connected the UK to South
Africa, operating our first direct nonstop flight between London and Cape Town.
The sold-out inaugural was a testament to the need and demand of great value and
comfortable flights on this route, which for far too long has been subjected to
a lack of competition to the detriment of travellers. We are looking forward to
a busy winter ahead and welcoming an increasing number of passengers across our
network," said Bjorn Tore Larsen, CEO and Founder Norse Atlantic.

Key traffic figures for October are attached.

Contacts:

Investors: CFO, Anders Hall Jomaas, Anders.Jomaas@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, Los Angeles, Las Vegas,
Miami, Orlando, Bangkok, Cape Town, 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:
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631694_2024_October_Norse_Atlantic_Airways_Traffic_Figures.pdf