SAS — Earnings Release 2021

Sep 7, 2021

SAS Traffic figures - August 2021

SAS Traffic figures - August 2021

In August over one million passengers traveled with SAS

During the summer season the customer demand has increased, and more than one

million passengers flew with SAS in August. This is about the same level as in

July, but an increase of almost 52% compared to the same month last year.

Capacity was marginally lower than last month, but 65% higher than the same

month last year. The total load factor for August ended at 61%, which is in line

with July.

"Imposed travel restrictions remain and everybody at SAS are doing everything

possible to make traveling easier for the customers. We continue to open new

routes when travel restrictions and demand allow. However, there are still major

uncertainties regarding the development of the pandemic, affecting the whole

airline industry negatively. Flexibility during the ramp up phase to be able to

respond quickly to changes in demand remains key," says Anko van der Werff,

President and CEO at SAS.

[][]

SAS scheduled traffic Aug21 Change[1] Nov20- Aug21 Change[1]

ASK (Mill.) 2,068 58.7% 12,080 -39.2%

RPK (Mill.) 1,239 103.7% 5,195 --58.0%

Passenger load factor 59.9% 13.3 pp 43.0% -19.1 pp

No. of passengers (000) 1,038 48.4% 4,929 -55.7%

Geographical Aug21       Nov20-

development,     vs.          Aug21

schedule Aug20   vs.

Nov19

-Aug20

RPK ASK RPK ASK

Intercontinental 429.9% 154.5% -80.7% -43.4%

Europe/Intrascandi 128.9% 72.4% -52.6% -46.1%

navia

Domestic 16.7% -0.8% -36.7% -20.5%

[][]

SAS charter traffic Aug21 Change[1] Nov20- Aug21 Change[1]

ASK (Mill.) 168 211.4% 383 -58.5%

RPK (Mill.) 122 183.3% 279 -65.0%

Load factor 72.5% -7.2 pp 72.8% -13.7 pp

No. of passengers (000) 49 172.2% 113 -57,4%

[][]

SAS total traffic Aug21 Change[1] Nov20- Aug21 Change[1]

(scheduled and

charter)

ASK (Mill.) 2,236 64.7% 12,462 -40.1%

RPK (Mill.) 1,361 108.9% 5,473 -58.4%

Load factor 60.9% 12.9 pp 43.9% -19.3 pp

No. of passengers 1,087 51.5% 5,043 -55.7%

(000)

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

[]\\\\

Preliminary yield and PASK Aug21 Nominal change[1] FX adjusted change

Yield, SEK 0.96 -17.0% -17.5%

PASK, SEK 0.57 6.5% 5.9%

Aug21

Punctuality (arrival 15 87.4%

min)

Regularity 98.8%

Change in total CO\2 -56,7%

\emissions, rolling 12

months

Change in CO\2 \emissions -13,1%

per available seat

kilometer

Carbon offsetting of 54%

passenger related emissions

Definitions:

RPK - Revenue passenger kilometers

ASK - Available seat kilometers

Load factor - RPK/ASK

Yield - Passenger revenues/RPK (scheduled)

PASK - Passenger revenues/ASK (scheduled)

Change in CO\2 \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 CO\2\ emissions in total and per

Available Seat Kilometers (ASK) to align with our overall goal to reduce our

total CO\2\ 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 AllianceT, 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 September 2021.