Norse Atlantic more than doubles YoY passenger numbers with strong increases in ASK and RPK for April.

April 2024 flying increased substantially compared to the same period in 2023 with passenger numbers more than doubling during the month. Year on year positive increases across all key figures. The month saw an average load factor of 79 per cent, representing an increase of 12 percentage points (p.p.) year on year. During April, Norse Atlantic Airways had 98,542 passengers across 398 flights, including 61 charter flights. 81 per cent of flights arrived within 15 minutes of their scheduled arrival time with a completion rate of 100 per cent.

"April represented another strong month for Norse as we ramped up the number of flights as part of our summer schedule, load factor also increased by 12 percentage points to 79%, however, some negative effect was expected due to Easter falling in March compared to the previous year.

In addition, we welcomed more than double the number of passengers compared to the same period last year and look forward to a busy summer ahead. We completed a record high of 61 charter operations throughout the month, as we now move to increase flying on our own network during the summer season, I am pleased to note that we are already well positioned for longer term charter agreements for next winter," said Bjorn Tore Larsen, CEO and Founder Norse Atlantic Airways.

Key traffic figures for April 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.