SAS — Earnings Release 2019

Aug 8, 2019

Stable production yields record number of passengers for July

Stable production yields record number of passengers for July

During July, more than 2.8 million passengers traveled with SAS, which is a

record number for July and a slight increase compared to the same month last

year.  At the same time, SAS had a significant improvement in operational

performance as well as a favorable development of yield.

SAS traffic had a positive development during July, during which scheduled

capacity increased with over 2% and number of passengers increased by 0.2%.

Regularity increased with 1.8 percentage points to 99.6% and punctuality

increased by 4.4 percentage points to 72.4%. During the summer season, the

demand for leisure travel is high and we shift our capacity toward leisure

-oriented routes. Compared to last year demand has been high on domestic and

European routes, while slightly lower on intercontinental traffic. Currency

adjusted yield continues to develop favorably, increasing 1.5%.

- We are pleased that the number of passengers that chose to travel with SAS are

at record level for the month of July. It shows that our strategy of shifting

capacity toward leisure-oriented routes during the peak season is taking us in

the right direction, and that we have a competitive customer offering. Since

last year we have made several improvements to ensure a stable operational

performance. Our efforts have paid off, resulting in significantly improved

punctuality and regularity compared to last year. Also, the renewal of our fleet

towards more fuel-efficient aircraft results in lower CO2 emissions, in July a

new A330E was delivered and we were able to phase-out an older and less

efficient A340 aircraft in our long-range fleet, says Rickard Gustafson, CEO of

SAS.

For further information, please contact:

SAS press office, +46 8 797 2944

Michel Fischier, VP Investor Relations, +46 70 997 0673

SAS, Scandinavia's leading airline, carries more than 30 million passengers

annually to, from and within Scandinavia.  The airline connects three main hubs

- Copenhagen, Oslo and Stockholm - with 125 destinations in Europe, the US and

Asia. Spurred by a Scandinavian heritage and sustainable values, SAS will reduce

total carbon emissions by 25% and operate with biofuel equivalent to equal the

total consumption of fuel used to operate all domestic SAS flights, by 2030. In

addition to airline operations, SAS offers ground handling services, technical

maintenance and air cargo services. SAS is a founding member of Star AllianceT

and together with partner airlines offers almost 19,000 daily flights to more

than 1,300 destinations around the world.

Learn more at https://www.sasgroup.net

This is information that SAS AB is obliged to make public pursuant to the EU

Market Abuse Regulation. The information was submitted for publication by Michel

Fischier at 11:00 CET on 8 August 2019.