Norse Atlantic ASA: Substantial increase in TRASK revenue in September

Arendal, Norway, 7 October 2026.

In September, Norse Atlantic Airways ("Norse" or "the Company") maintained commercial momentum with unit revenue (TRASK) up 35% year-over-year to 5.8 US cents per available seat kilometer. As in recent months, targeted capacity reductions affected the number of passengers carried, while a continued high load factor confirms strong demand for Norse's long-haul product.

Eivind Roald, the CEO of Norse, comments:

"Unit revenue to date in 2026 is up 25% from last year, as Norse maintains a strong network performance with close to full airplanes and stabile operational performance. We continue to fly with reduced capacity in response to the prolonged high fuel prices, while continuously optimizing our fleet allocation going forward.

In line with our flexible fleet deployment strategy, we have adjusted our winter program with increased focus on the Far East and see continued positive momentum for initial bookings. Norse continues to pursue attractive opportunities for additional fleet allocation in the charter and ACMI markets."

(September traffic figures. Comparable figures for year-ago period shown in

brackets)

- 96.9% load factor across network and ACMI/Charter operations (95.2%)

- Total revenue per available seat kilometer in own network (TRASK) of 5.8 US cents, up 35% from 4.3 US cents

- 211 flights in own scheduled network (459)

- 177 ACMI/charter flights operated (66)

- 109,202 passengers transported (161,568) across network and ACMI/charter operations, down 32% YoY

- Norse completed 99% of scheduled flights in the Month (100%)

- 70% of flights in own network departed within 15 minutes of scheduled departure time (74%)

- On-time performance was negatively impacted by continued air traffic control delays, airport congestion and travel disruptions as a knock-on effect from the Middle East conflict

Investor and media contact: Anders Hall Jomaas, CFO, anders.jomaas@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 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.