Post by Norse Atlantic Airways

Strong 20% unit revenue growth and adjusted capacity in May 💙 In May, Norse Atlantic Airways delivered total unit revenue growth in its own network of 20% compared to last year. Norse has been proactive in adjusting seats in the market 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.”