Norse Atlantic delivers 26% annual passenger growth in 2025

08 Jan 2026 07:00 CET

Arendal, Norway, 8 January 2026 - In December 2025, 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%.

For the full year, Norse Atlantic flew a total of 1.84 million passengers, an
increase of 26% from 2024. The load factor was 96% across all operations, up 12%
-points compared to 2024. The progress reflects the successful transition to a
dual strategy business model in the second half of the year and improved
performance in own network. At year-end, five aircraft were flying on ACMI
charters for IndiGo with the sixth set to be delivered in early 2026 according
to plan.

(December traffic figures. Comparable figures for year-ago period shown in
brackets)

· 98% load factor across network and ACMI/Charter operations (94%)
· 96% load factor in own scheduled network (92%)
· 281 flights in own scheduled network (276)
· 254 ACMI/charter flights operated (158)
· 151,449 passengers transported (124,450) across network and ACMI/charter
operations, up 22% YoY
· Norse Atlantic completed 97% of scheduled flights in the Month (100%)
· 52% of flights in own network departed within 15 minutes of scheduled
departure time (53%)
· On-time performance was negatively impacted by continued Air Traffic Control
(ATC) delays, airport congestions and weather challenges
· Temporary capacity reductions due to follow-on impacts on the engine
maintenance program as previously communicated

Eivind Roald, the CEO of Norse Atlantic, comments:

"Norse Atlantic completes 2025 with strong passenger growth, increased
production and full flights. This reflects an attractive product driving
customer demand in a highly competitive market. I am proud to see the steps
taken in recent months and the hard work by the entire team have resulted in
real progress across our business despite operational and weather challenges
impacting a busy year-end holiday period.

We are on track to complete the transition to a balanced business model with a
focused own network and long-term charters later this month with six aircraft
generating stable, predictable earnings and the other half of the fleet flying a
high-graded own network, complemented by seasonal cruise-related charter
flights. Our winter program with new routes and increased frequencies has been
well received with strong travel demand and high cargo volumes."

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

663254_2025_December_Norse_Atlantic_Airways_Traffic_Figures.pdf