The month saw an average load factor of 83 per cent, representing a decrease of
two percentage points (p.p.) year on year. During July, Norse Atlantic Airways
had 176,934 passengers, representing an increase of 17 per cent across 639
flights compared to a year earlier, including nine charters operated during the
month. 73 per cent of flights arrived within 15 minutes of their scheduled
arrival time with a completion rate of 98 per cent.

"Load factor in July was adversely impacted by both the Olympic games and the
Crowdstrike IT global outage. However, we have seen positive forward bookings
trends for August in general as demand for summer travel is later compared to
the same period a year earlier. Norse Atlantic passengers experienced some
cancellations as a direct result of the Crowdstrike IT incident and I would to
thank our passengers for their patience during this extraordinary event. I am
pleased to report that despite the traditionally more challenging operational
environment during the summer months we have continued to improve our year-on
-year punctuality performance.," said Bjorn Tore Larsen, CEO and Founder Norse
Atlantic Airways.

Key traffic figures for July are attached.

Contacts:

Investors: CFO, Anders Hall 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, Cape Town, Bangkok, Oslo, Athens, London, Berlin, Rome and
Paris. The company's first flight took off from Oslo to New York on June 14,
2022.