Norse Atlantic delivers continued strong revenue and passenger growth in February

04 Mar 2026 07:00 CET

Arendal, Norway, 4 March 2026 - In February, Norse Atlantic Airways delivered
total unit revenue in own network (TRASK) of 5.1 US cents per available seat
kilometer, an increase of 25% compared to the same month in 2025, reflecting
strong demand and materially higher average ticket prices. Passenger growth was
54% to 130 thousand passengers across network and ACMI/Charter operations with a
load factor of 98%, up 3%-points year-over-year.

Eivind Roald, the CEO of Norse Atlantic, comments:

"Norse Atlantic continues into 2026 with strong tailwinds led by higher
production and customer demand driving load factor and record February unit
revenue in own network. The positive trend follows the plan we have presented
based on a balanced operation with six aircraft in own network flying the most
attractive routes and six aircraft on long-term ACMI charters with stable,
predictable revenue and no fuel price risk.

Our own network operates as normal with limited impact from the Middle East
escalations. We see a strong increase in ticket and cargo demand on our Europe
to Thailand and Cape Town flights which is being translated into higher revenue.
Forward bookings trends across our global route network have not been impacted."

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

· 98% load factor across network and ACMI/Charter operations (95%)
· 97% load factor in own scheduled network (93%)
· Total revenue per available seat kilometer in own network (TRASK) of 5.1 US
cents, up 25% from (4.1)
· 204 flights in own scheduled network (164)
· 234 ACMI/charter flights operated (137)
· 129,746 passengers transported (84,335) across network and ACMI/charter
operations, up 54% YoY
· Norse Atlantic completed 98% of scheduled flights in the Month (100%)
· 53% 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

Flights in Norse's own network between Europe and Thailand continues to operate
via a northern air traffic corridor unaffected by current regional flight
restrictions imposed due to the conflict in the Middle East. Transatlantic
services, as well as flights to Cape Town and Caribbean charters, are operating
as scheduled.

Norse is experiencing significant increased travel demand for its own network
flights from Europe to Thailand and Cape Town amid the ongoing flight
restrictions.

In the ACMI segment, six aircraft operate on long-term charters with Indigo, one
of the world's largest airlines. Indigo operation is temporarily suspended as
per 4 March, due to regional airspace restrictions caused by the Middle East
war. Norse is cooperating with Indigo to find alternative routes to resume
flights as soon as possible. There are no changes to agreed minimum block hours
threshold and Norse continues to receive payments according to agreement.

Investor contact: Anders Hall Jomaas, CFO anders.jomaas@flynorse.com
Media contact: Bård Nordhagen, CCCO baard.nordhagen@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, serving a network of destinations across North America, Europe,
Africa and Asia.

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

667445_Norse_Monthly_Passenger_Report_February_2026.pdf