Load Factor of 85% Marks Strong Start To Summer Peak Season

June 2024 reported a strong load factor as the summer peak in demand began to take hold. The month saw an average load factor of 85 per cent, representing an increase of two percentage points (p.p.) year on year. During June, Norse Atlantic Airways had 178,042 passengers across 620 flights, no charters were operated during the month. 78 per cent of flights arrived within 15 minutes of their scheduled arrival time with a completion rate of 99 per cent.

"I am pleased to report that Norse Atlantic reached a load factor of 85 per cent for the month of June as we fully ramped up flying on our own network while operating no charters. This represents an increase in load factor compared to the same period last year while the number of flights operated increased by 77 per cent during the month. Norse Atlantic is looking forward to a busy summer ahead as we welcome both new and returning customers seeking great value long haul travel,” said Bjorn Tore Larsen, CEO and Founder Norse Atlantic Airways.

Key traffic figures for June are attached.

Contacts:

Investors: CFO, Anders Hall Jomaas, Anders.Jomaas@flynorse.com

Media: SVP Communications, Philip Allport, philip.allport@flynorse.com

Norse Atlantic Airways is an airline that offers affordable fares on long-haul flights, primarily between Europe and the United States. The company was founded by CEO and major shareholder Bjørn Tore Larsen in March 2021. Norse has a fleet of 15 modern, fuel-efficient and more environmentally friendly Boeing 787 Dreamliners that serve destinations including New York, Las Vegas, Los Angeles, Orlando, Miami, Cape Town, Bangkok, Oslo, Athens, London, Berlin, Rome and Paris. The company's first flight took off from Oslo to New York on June 14, 2022.