Strong year on year performance and 100 per cent completion of scheduled flights

In October, Norse Atlantic Airways continued to demonstrate strong year on year performance. The month saw an average load factor of 75 per cent, representing an increase of 15 percentage points (p.p.) year on year. During October, Norse Atlantic Airways had 102,410 passengers across 403 flights, with 83 per cent of flights arriving within 15 minutes of their scheduled arrival time and a completion rate of 100 per cent.

“We are pleased that October has continued with a strong year on year performance trend cross all areas of the business and that our operational robustness, with 100 per cent of flights operated and 83 per cent on time performance, remains one of the best in the industry. Looking ahead to the winter we are now focused on launching our winter sun routes, having launched flights to Bangkok from Oslo at the beginning of November and the Caribbean from London to come in early December. Our charter operations continue to gather pace in the winter months especially during the periods of traditionally lower demand,” said Bjorn Tore Larsen, CEO and Founder Norse Atlantic Airways.

Key traffic figures for October are attached.

Contacts:

Investors: CFO, Anders 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, Los Angeles, Orlando, Boston, Washington, San Francisco, Jamaica, Barbados, Bangkok, Miami, Oslo, London, Berlin, Rome and Paris. The company's first flight took off from Oslo to New York on June 14, 2022.