Strong growth in January

In January, Norse Atlantic Airways began 2024 with positive year on year
performance. The month saw an average load factor of 64 per cent, representing
an increase of 12 percentage points (p.p.) year on year. During January, Norse
Atlantic Airways had 65,116 passengers across 313 flights, including 31 charter
flights. 71 per cent of flights arrived within 15 minutes of their scheduled
arrival time with a completion rate of 100 per cent.

'The first month of the year represented strong year on year growth for Norse
Atlantic with increases in load factor, ASK and RPK, demonstrating that we are
on the correct flightpath. We have continued our strategy to optimize fleet
utilisation over the quieter winter period by operating a greater number of
charters, a total of 31 in January, and we continue to see high levels of
interest in our services in this sector. Following a positive year on year start
to ticket sales at the beginning of January I am pleased to note that this has
continued through to the end of the month for both short and long lead
bookings,' said Bjorn Tore Larsen, CEO and Founder Norse Atlantic Airways.

Key traffic figures for January 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,
Jamaica, Barbados, Bangkok, Miami, Oslo, Athens, London, Berlin, Rome and Paris.
The company's first flight took off from Oslo to New York on June 14, 2022.