SAS — Earnings Release 2019

Jun 11, 2019

May traffic figures affected by two days of pilot strike

May traffic figures affected by two days of pilot strike

The pilot strike had a negative impact also on May traffic figures as it

affected nearly 100 000 customers. Underlying trend of positive unit revenue

development continues with an increase of 1.6% compared to same period last

year.

Scheduled capacity decreased with 6.6% and number of passengers decreased with

10.0% as a result of the 1 200 flights that were canceled due to the pilot

strike in the first two days of May. The positive underlying trend in currency

adjusted unit revenue and yield continues, with May figures showing an increase

of 1.6% and 5.4%, respectively.

- Despite that SAS was negatively affected by the strike also in May, we were

able to resume normal operations swiftly. We are now looking forward to our

summer season, in which we have added 25 new routes and five new destinations -

Florence, Marseille, Szczecin, Cornwall and Oulu. We have also strengthened our

product offering by opening 12 new Fast Tracks in Europe and providing priority

boarding with a friend or family for our EuroBonus Gold and Diamond members,

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 11 June 2019.