SAS — Earnings Release 2021

Aug 6, 2021

SAS Traffic figures - July 2021

SAS Traffic figures - July 2021

Increased traveling during the summer resulted in over a million passengers in

July.

July was a month with increased numbers of travelers. More than a million

passengers chose to fly with SAS, which is an increase of almost 70% compared

with June. Capacity was raised during the month with increased frequency and

destinations. The load factor ended at 60%, which is the highest number since

February 2020.

"We see the numbers improving gradually which is pleasing. However, we do

naturally remain cautious as there are still a high number of uncertainties

ahead of us. Remaining travel restrictions are still affecting passengers and we

do everything possible to give our customers a smooth travel experience. SAS is

offering flexible tickets and rebooking possibilities. We also provide digital

tools which help passengers track updates to restrictions to make it easier to

travel," says Anko van der Werff, President and CEO at SAS.

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SAS scheduled traffic Jul21 Change[1] Nov20- Jul21 Change[1]

ASK (Mill.) 2 300 75.8% 10 012 -46.1%

RPK (Mill.) 1 370 107.1% 3 956 -66.3%

Passenger load factor 59.6% +9.0 pp 39.5% -23.7 pp

No. of passengers (000) 1 023 46.3% 3 891 -62.7%

Geographical Jul21           Nov20-

development, vs.          Jul21

schedule Jul20   vs.

Nov19

-Jul20

RPK ASK RPK ASK

Intercontinental 471.3% 160.1% -86.3% -49.8%

Europe/Intrascandinavia 145.3% 104.3% -63.3% -55.3%

Domestic 10.7% -2.8% -41.9% -22.7%

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SAS charter traffic Jul21 Change[1] Nov20- Jul21 Change[1]

ASK (Mill.) 157 790.8% 215 -75.2%

RPK (Mill.) 134 831.3% 157 -79.2%

Load factor 85.6% +3.7 pp 73.1% -13.9 pp

No. of passengers (000) 56 882.7% 64 -74.1%

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SAS total traffic Jul21 Change[1] Nov20- Jul21 Change[1]

(scheduled and

charter)

ASK (Mill.) 2 457 85.3% 10 227 -47.4%

RPK (Mill.) 1 504 122.5% 4 113 -67.1%

Load factor 61.2% +10.2 pp 40.2% -24.1 pp

No. of passengers (000) 1 079 53.0% 3 955 -63.0%

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

\\\\

Preliminary yield and PASK Jul21 Nominal change FX adjusted change

Yield, SEK 0.87 -21.3% -21.4%

PASK, SEK 0.52 -7.2% -7.4%

Jun21

Punctuality (arrival 15 84.0%

min)

Regularity 98.2%

Change in total CO\2 -63.8%

\emissions, rolling 12

months

Change in CO\2 \emissions -13.0%

per available seat

kilometer

Carbon offsetting of 56%

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 6 August 2021.