Norse Atlantic ASA: Reports first profitable quarter, updates on financing, announces strategic review
Arendal, 31 October 2023. Norse Atlantic ASA (“Norse” or the “Company”) today releases its Q3 financial report, showing that the Company has delivered its first profitable quarter, more than doubling revenue from the previous quarter.The Company saw record ticket prices and yields, and a continued increase in ancillary revenues. The quarter saw strong commercial and operational performance, with an average load factor of 83% and a 99.8% completion during the quarter, with not a single flight cancelled from late April through to early September. The Company continues to reduce unit costs,