Arendal, Norway, 8 June 2026 - In May, Norse Atlantic Airways ("Norse" or "the
Company") delivered total unit revenue in its own network (TRASK) of 5.4 US
cents per available seat kilometer, an increase of 20% compared to the same
month in 2025. Norse has been proactive in reducing loss making routes due to
the elevated fuel prices with total available capacity down 29% year-over-year.
The Norse product remains attractive with a total load factor of 97%, up nearly
2 percentage points year-over-year.
Eivind Roald, the CEO of Norse Atlantic, comments:
"May saw another material year-over-year improvement in unit revenues,
reflecting continued strong demand for our direct long-haul transatlantic routes
and the attractive Norse product. We are filling our adjusted capacity at higher
average fares with a load factor above 93% in our own network. Aircraft
utilization also remained high across ACMI/charter operations, demonstrating the
strength of our balanced business model. Despite ongoing geopolitical
uncertainty affecting the aviation industry, we continue to adapt capacity to
demand and enter the important summer season with a positive commercial
momentum."
(May traffic figures. Comparable figures for year-ago period shown in brackets)
· 97.4% load factor across network and ACMI/Charter operations (95.5%)
· Total revenue per available seat kilometer in own network (TRASK) of 5.4 US
cents, up 20% from 4.5 US cents
· 157 flights in own scheduled network (520)
· 256 ACMI/charter flights operated (64)
· 104,234 passengers transported (182,854) across network and ACMI/charter
operations, down 43% YoY
· Norse Atlantic completed 100% of scheduled flights in the Month (100%)
· 78% of flights in own network departed within 15 minutes of scheduled
departure time (81%)
· On-time performance was negatively impacted by continued Air Traffic Control
(ATC) delays, airport congestion and travel disruptions as a knock-on effect
from the Middle East conflict
Investor contact: Anders Hall Jomaas, CFO anders.jomaas@flynorse.com
Media contact: Bård Nordhagen, CCCO baard.nordhagen@flynorse.com
About Norse Atlantic ASA
Norse Atlantic Airways is an airline committed to offering affordable fares on
direct, long-haul flights to popular destinations, along with specialized
charter and ACMI services for tailored travel needs and extensive cargo
operations. Norse Atlantic operates a modern fleet of 12 fuel-efficient Boeing
787 Dreamliners, serving a network of destinations across North America, Europe,
Africa and Asia.
This information is subject to disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.