SAS — Earnings Release 2021

Oct 7, 2021

SAS Traffic figures - September 2021

More than one million passengers traveled with SAS in September

Customer demand has increased further and 1.1 million passengers flew with SAS in September. This is an increase of almost 90% compared to the same month last year. Capacity increased and was 74% higher compared with September last year. The load factor for September ended at 54%, which was 17 percentage points higher than the same month last year but is impacted by longhaul, which currently is driven primarily by cargo operations.

"Travel restrictions are easing up and we instantly see higher demand. We are very pleased we transported more than a million passengers for the third consecutive month and we increase capacity accordingly. Uncertainty regarding the pandemic and future demand remains. SAS has to stay agile and flexible to be able to quickly respond to customers' willingness to travel," says Anko van der Werff, President & CEO of SAS.

SAS scheduled traffic	Sep21	Change1	Nov20- Sep21	Change1
ASK (Mill.)	2,137	70.3%	14,216	-32.7%
RPK (Mill.)	1,127	151.4%	6,322	--50.6%
Passenger load factor	52.8%	17.0 pp	44.5%	-16.1 pp
No. of passengers (000)	1,102	85.3%	6,032	-48.5%
Geographical development, schedule	Sep21	vs. Sep20		Nov20- Sep21 vs. Nov19-Sep20
	RPK	ASK	RPK	ASK
Intercontinental	356.0%	136.9%	-77.0%	-37.1%
Europe/Intrascandinavia	273.4%	110.1%	-42.4%	-37.5%
Domestic	30.0%	-0.5%	-31.5%	-18.6%
SAS charter traffic	Sep21	Change1	Nov20- Sep21	Change1
ASK (Mill.)	144	149.1%	527	-46.2%
RPK (Mill.)	108	136.2%	387	-54.1%
Load factor	75.1%	-4.1 pp	73.4%	-12.7 pp
No. of passengers (000)	46	133.6%	159	-44.2%
SAS total traffic (scheduled and	Sep21	Change1	Nov20- Sep21	Change1
charter)
ASK (Mill.)	2,281	73.8%	14,743	-33.3%
RPK (Mill.)	1,236	150.0%	6,709	-50.8%
Load factor	54.2%	16.5 pp	45.5%	-16.2 pp
No. of passengers (000)	1,148	86.9%	6,191	-48.4%

Change compared to same period last year. pp = percentage points

		Nominal	FX adjusted
Preliminary yield and PASK	Sep21	change1	change
Yield, SEK	1.10	-12.5%	-12.9%
PASK, SEK	0.58	29.1%	28.6%

	Sep21
Punctuality (arrival 15 min)	88.1%
Regularity	98.4%
Change in total CO2 emissions, rolling 12 months	-47.4%
Change in CO2 emissions per available seat kilometer	-12.4%
Carbon offsetting of passenger related emissions	52%

Definitions:

1

RPK – Revenue passenger kilometers

PASK – Passenger revenues/ASK (scheduled)

Change in CO2 emissions per available seat kilometers – SAS passenger related carbon emissions divided with total available seat kilometers (incl. non-revenue and EuroBonus), rolling 12 months

Carbon offsetting of passenger related emissions – Share of SAS passenger related carbon emissions compensated by SAS (EuroBonus members, youth tickets and SAS' staff travel)

From fiscal year 2020 we report change in CO² emissions in total and per Available Seat Kilometers (ASK) to align with our overall goal to reduce our total CO² emissions by 25% by 2025, compared to 2005.

For further information, please contact:

SAS press office, +46 8 797 29 44

SAS, Scandinavia's leading airline, with main hubs in Copenhagen, Oslo and Stockholm, is flying to destinations in Europe, USA and Asia. Spurred by a Scandinavian heritage and sustainable values, SAS aims to be the global leader in sustainable aviation. We will reduce total carbon emissions by 25 percent by 2025, by using more sustainable aviation fuel and our modern fleet with fuel-efficient aircraft. In addition to flight operations, SAS offers ground handling services, technical maintenance and air cargo services. SAS is a founder member of the Star Alliance™, and together with its partner airlines offers a wide network worldwide. 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 Louise Bergström at 11:00 a.m. CET on 7 October 2021.