· Revenue increased by 97% to
· 201,462 passengers carried in Q1 2024, up 83% compared to Q1 2023
· ASK up by 72% in Q1 2024 compared to Q1 2023
· Load factor increased by 19 percentage points to 73% in Q1 2024 compared to Q1 2023
· Strong operational performance as 100% of planned flights were completed during the quarter
· Record high number of ACMI and charter operations, totalling 107 flights during the quarter
· CASK numbers improving, CASK ex fuel being down by 28% in Q1 2024 compared to Q1 2023
· Total cash held at end of quarter at
· Subsequent to the quarter end, a
· Strategic options continue to be developed and explored in collaboration with advisors
"The first quarter has shown major improvement on all metrics compared to the first quarter of the previous year. ASK was up about 72% year-on-year, and load factors increased by 19 percentage points with improved revenues per passenger.
This winter we have developed seasonal strategies, with more emphasis on holiday destinations and charters.
We are looking forward to the busiest summer season so far in
Norse will continue to focus on careful and profitable growth. We are happy to see that our footprint in the market has increased as the network expands to include
For further information please see attached Q1 2024 report and Q1 2024 presentation.
A video presentation of the Q1 2024 results can be found here: https://norse.videosync.fi/2024-q1-results
Contacts:
Investor contacts: Anders Hall Jomaas, CFO, Anders.Jomaas@flynorse.com
Media contacts:
This information is subject to the disclosure requirements pursuant to Section 5 -12 the Norwegian Securities Trading Act and the Euronext Growth Rule Book part II.
Norse
https://news.cision.com/norse-atlantic-airways-as/r/norse-atlantic-asa--q1-2024-demonstrating-substantial-year-on-year-improvements-while-preparing-for-,c3978271
https://mb.cision.com/Main/21212/3978271/2794317.pdf
https://mb.cision.com/Public/21212/3978271/8e2b23886fc4ec35.pdf
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