Norse Atlantic Airways

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Here’s to the powerhouse women of Norse… the heart & soul of our team! Your talent, resilience & passion don’t just shape our success, they shape the future. Happy International Women’s Day to every incredible woman making waves at Norse! ??? Join the celebration & use promo code IWD25 to grab yourself a deal. Visit flynorse.com to shop now. #IWD #flynorse

Norse achieves another record-high load factor ?? In February, Norse Atlantic Airways recorded a load factor of 95%, achieving its highest ever load factor, and representing a 23-percentage point increase from 72% in the same month the year before. The load factor of own scheduled network stand-alone was 93%, compared to 70% in February 2024. The Company operated 301 flights and transported 84,335 passengers across its network and ACMI/charter operations, a 66% increase in passenger numbers compared to the same period last year. 70% of the flights departed within 15 minutes of their scheduled departure time, compared to 84% the same month last year. On-time performance was negatively impacted by Air Traffic Control (ATC) delays and airport congestions. ACMI/charter services saw large growth, with 137 flights operated in February 2025 compared to 30 flights in February 2024.

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Norse Atlantic ASA: Load factors at record heights and dual ACMI/network strategy being realized as major long-term ACMI contracts are materializing Q4 2024 headlines (comparatives for numbers being Q4 2023): ? Revenue increased by 30% to USD 123.1 million ? Loss reduced by USD 30 million, month of December stand-alone profitable ? 337,564 passengers carried, increased by 46% ? ASK increased by 15% to 2,599 million ? Load factor increased by 22 percentage points to record high 92% ? Revenue of USD 343 per passenger during quarter, compared to USD 349 last year ? Number of flights operated during quarter was 1,196, up by 21% ? Strong operational performance as 99.7% of planned flights completed during the quarter ? CASK ex fuel at 4.46 compared to 4.94 last year, a reduction of 10 % ? Total cash held at end of quarter was USD 22.9 million ? Revised business strategy being realized as major long-term ACMI contract is materializing, and cost reductions on the way ?? Click here to view full press release: https://lnkd.in/dyFGK8nR ?? For further information please see attached Q4 2024 Report. ?? A video presentation of the Q4 2024 results can be found here: https://lnkd.in/dF3KGwHs

Wet lease agreement between Norse and Interglobe Aviation Limited ("IndiGo") Reference is made to the stock exchange announcement published by Norse Atlantic ASA (the "Company") on 6 February regarding the entering into of a wet lease agreement for one aircraft with the Indian airline IndiGo. Today the Company has signed a firm wet lease agreement (the "Agreement") for additional three - 3 - aircraft with IndiGo. The additional three aircraft are expected to start operations from second half of 2025 serving long haul routes out of India. The initial term of the Agreement is six months, extendable to up to 18 months, subject to regulatory approvals. Both Parties remain committed to explore opportunities to further extend this period, subject to regulatory approvals. The delivery of the first aircraft is on track and scheduled to start wet lease operations from 1st March servicing IndiGo's Delhi - Bangkok route. Norse and Indigo continue exploring opportunities to increase their collaboration further. The commercial terms of the wet lease agreements are in line with what was communicated by the Company in the announcement of the LOI on 29 November 2024. IndiGo is the largest airline in India by passengers carried and fleet size, it is also one of the largest individual airlines in Asia and the world, both in terms of passengers carried, fleet size and market cap. In 2024 IndiGo carried more than 113 million passengers. Currently IndiGo operates primarily domestic and regional short to medium haul services out of India but are in the process of expanding its global reach by adding long haul services. To support its long haul expansion IndiGo has placed a firm order for 30 Airbus 350-900 wide body aircraft with an option for additional 70 aircraft, with deliveries expected to commence from 2027. ?? Click here to view full press release: https://lnkd.in/dSBPsebu

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