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

05 Dec 2025 07:00 CET

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, anders.jomaas@flynorse.com

This information is subject to disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

661328_2025_November_Norse_Atlantic_Airways_Traffic_Figures.pdf