Norse Atlantic ASA Reports Load Factor Of 83 Per Cent In July

The month saw an average load factor of 83 per cent, representing a decrease of two percentage points (p.p.) year on year. During July, Norse Atlantic Airways had 176,934 passengers, representing an increase of 17 per cent across 639 flights compared to a year earlier, including nine charters operated during the month. 73 per cent of flights arrived within 15 minutes of their scheduled arrival time with a completion rate of 98 per cent.

“Load factor in July was adversely impacted by both the Olympic games and the Crowdstrike IT global outage. However, we have seen positive forward bookings trends for August in general as demand for summer travel is later compared to the same period a year earlier. Norse Atlantic passengers experienced some cancellations as a direct result of the Crowdstrike IT incident and I would to thank our passengers for their patience during this extraordinary event. I am pleased to report that despite the traditionally more challenging operational environment during the summer months we have continued to improve our year-on-year punctuality performance.,” said Bjorn Tore Larsen, CEO and Founder Norse Atlantic Airways.

Key traffic figures for July 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.