Norse continues record high load factor

For the second successive month Norse Atlantic Airways recorded a load factor of
94%, equaling its highest ever load factor, and representing a 30-percentage
point increase from 64% in the same month the year before. The Company operated
377 flights and transported 111,543 passengers across its network and
ACMI/charter operations, a 71% 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 80% the same month last year. ACMI/charter
services saw large growth, with 140 flights operated in January 2025 compared to
23 flights in January 2024.

Investor contacts: Anders Hall Jomaas, CFO, +47 40 04 29 18,
anders.jomaas@flynorse.com