March demonstrated a strong end to the winter flying season with impressive year
on year increases across all key figures. The month saw an average load factor
of 82 per cent, representing an increase of 22 percentage points (p.p.) year on
year. During March, Norse Atlantic Airways had 85,652 passengers across 324
flights, including 46 charter flights. 73 per cent of flights arrived within 15
minutes of their scheduled arrival time with a completion rate of 100 per cent.

"Norse has ended the winter season with positive growth across all key figures,
I am especially pleased to report a doubling of passenger numbers and almost a
threefold increase in RPK year on year. We are now heading into the busy summer
season fully prepared to operate 12 aircraft at the height of the peak months
and welcome even more passengers on board.

Additionally, we operated 46 charter flights in March, the highest in a single
month since operations began. The continued month on month increase in charter
operations further demonstrates the growing Norse presence in the wide body
charter market and the trust that our charter customers place in our ability to
successfully cater for their needs," said Bjorn Tore Larsen, CEO and Founder
Norse Atlantic Airways.

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