Norse Atlantic ASA: Q1 2024 demonstrating substantial year-on-year improvements while preparing for growth into busy summer season
• Revenue increased by 97% to USD 78.2 million in Q1 2024 compared to Q1 2023 • 201,462 passengers carried in Q1 2024, up 83% compared to Q1 2023 • ASK up by 72% in Q1 2024 compared to Q1 2023 • Load factor increased by 19 percentage points to 73% in Q1 2024 compared to Q1 2023 • Strong operational performance as 100% of planned flights were completed during the quarter • Record high number of ACMI and charter operations, totalling 107 flights during the quarter • CASK numbers improving, CASK ex fuel being down by 28% in Q1 2024 compared to Q1 2023 • Total cash held at