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Regulatory press release

NORSE: Norse Atlantic Achieves Record-High Load Factor

Norse Atlantic
Norse Atlantic Airways recorded its highest-ever load factor in a month,
achieving 92% in November 2024, a 31-percentage point increase from 61% in the
same month the year before. The Company operated 352 flights and transported
94,612 passengers across its network and ACMI/ charter operations, a 94%
increase in passenger numbers compared to the same period last year. 78% of the
flights departed within 15 minutes of their scheduled departure time, with a
100% flight completion rate achieved. 64% of the flights arrived within 15
minutes of their scheduled arrival time, with negative impacts from air traffic
control (ATC) restrictions and airport-related challenges. ACMI/charter services
saw substantial growth, with 128 flights operated in November 2024 compared to
four flights in November 2023.

Anders Jomaas
Chief Financial Officer
anders.jomaas@flynorse.com
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