Norse Atlantic continues positive trend and records its highest ever load factor

October saw Norse Atlantic record its highest ever load factor for a month, achieving 90%, which represented a 15-percentage point (p.p.) year-on-year increase. During October, Norse Atlantic had 118,502 passengers, representing an increase of 16 per cent compared to a year earlier, across 410 flights, including 50 charters. Norse Atlantic completed 99 per cent of scheduled flights in the month, while 74 per cent of flights arrived within 15 minutes of their scheduled arrival time.

“It is a pleasure to report our highest ever load factor in what is just under two and a half years since our first flight, continuing the positive trend in month-on-month passenger numbers as we continue to improve all parts of our business. 

In October we celebrated an important milestone as we connected the UK to South Africa, operating our first direct nonstop flight between London and Cape Town. The sold-out inaugural was a testament to the need and demand of great value and comfortable flights on this route, which for far too long has been subjected to a lack of competition to the detriment of travellers. We are looking forward to a busy winter ahead and welcoming an increasing number of passengers across our network,” said Bjorn Tore Larsen, CEO and Founder Norse Atlantic.

Key traffic figures for October are attached.

Contacts:

Investors: CFO, Anders Hall Jomaas, Anders.Jomaas@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, Los Angeles, Las Vegas, Miami, Orlando, Bangkok, Cape Town, Oslo, Athens, London, Berlin, Rome and Paris. The company's first flight took off from Oslo to New York on June 14, 2022.