Norse Atlantic delivers record high unit revenue and strong passenger growth in January

06 Feb 2026 07:00 CET

Arendal, Norway, 6 February 2026 - In January, Norse Atlantic Airways delivered
total unit revenue in own network (TRASK) of 6.0 US cents per available seat
kilometer, an increase of 21% compared to the same month in 2025, reflecting
strong demand and significantly higher average ticket prices. Passenger growth
was 36% to 151 thousand passengers across network and ACMI/Charter operations
with a load factor of 99%, up 5%-points year-over-year.

Eivind Roald, the CEO of Norse Atlantic, comments:

"Norse Atlantic is off to a very good start in 2026 with significant
improvements across nearly all operational metrics, led by higher production and
robust customer demand resulting in full flights and record unit revenue in our
own network.

We have completed the transition to a balanced business model with six aircraft
in our own network and six on long-term charters generating stable, predictable
earnings with no fuel price risk. Last, but not least, we are focusing on
improving our on-time performance and customer communication after a period of
operational challenges. I am pleased to see that the strategic measures taken in
2025 yielding tangible results at the start of the new year, and we are fully
focused on continuing this positive trend."

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

· 99% load factor across network and ACMI/Charter operations (94%)
· 97% load factor in own scheduled network (91%)
· Total revenue per available seat kilometer in own network (TRASK) of 6.0 US
cents, up 21% from January 2024 (5.0)
· 236 flights in own scheduled network (214)
· 263 ACMI/charter flights operated (163)
· 151,237 passengers transported (111,543) across network and ACMI/charter
operations, up 36% YoY
· Norse Atlantic completed 94% of scheduled flights in the Month (100%)
· 36% of flights in own network departed within 15 minutes of scheduled
departure time (70%)
· On-time performance was negatively impacted by continued Air Traffic Control
(ATC) delays, airport congestion and weather challenges
· Temporary capacity reductions due to follow-on impacts on the engine
maintenance program as previously communicated

Investor contacts

Anders Hall Jomaas, CFO, anders.jomaas@flynorse.com

About Norse Atlantic ASA

Norse Atlantic Airways is an airline committed to offering affordable fares on
direct, long-haul flights to popular destinations, along with specialized
charter and ACMI services for tailored travel needs and extensive cargo
operations. Norse Atlantic operates a modern fleet of 12 fuel-efficient Boeing
787 Dreamliners, which seat 338 passengers and offer Premium and Economy Class,
serving a network of destinations across North America, Europe, Africa and Asia.
The company's first flight took off from Oslo to New York on June 14, 2022, and
the company has to date carried almost 5 million passengers. Norse Atlantic
reported revenue of USD 680 million in the 12 months ending 30 September 2025.

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

665025_Norse_Monthly_Passenger_Report_January_2026.pdf