SAS — Earnings Release 2021

Jun 7, 2021

SAS Traffic figures - May 2021

Passenger numbers up on last month.

In May, more than 400,000 passengers flew with SAS, an increase of about 20% compared with April. During the month, SAS increased capacity 9% to meet higher demand. Passenger numbers remain low compared with a normal year, but the increase compared with April is also reflected in an improved load factor, which rose almost 6 percentage points.

"We are looking forward to the summer and are pleased with the gradual increase in demand. To reduce uncertainty when booking flights, SAS is offering more flexible ticket rules and generous rebooking alternatives. To make it easier for passengers, we are also launching SAS Travel Ready Center, a digital tool to upload necessary travel documents and to access information about current travel restrictions," says Karl Sandlund, acting CEO of SAS.

SAS scheduled traffic	May21	Change1	Nov20- May21	Change1
ASK (Mill.)	1,078	513.6%	6,347	-62.3%
RPK (Mill.)	389	297.7%	1,932	-82.2%
Passenger load factor	36.1%	-19.6 p.p.	30.4%	-34.1 p.p.
No. of passengers (000)	404	155.6%	2,259	-76.0%
Geographical development,	May21	vs. May20	Nov20- May21 vs. Nov19-
schedule			May20
	RPK	ASK	RPK	ASK
Intercontinental	n/a	n/a	-94.1%	-63.3%
Europe/Intrascandinavia	744.1%	586.8%	-84.9%	-76.4%
Domestic	119.9%	179.4%	-55.0%	-30.8%
SAS charter traffic	May21	Change1	Nov20- May21	Change1
ASK (Mill.)	0	n/a	35	-95.9%
RPK (Mill.)	0	4,898.7%	13	-98.2%
Load factor	25.0%	n/a	38.6%	-48.5 p.p.
No. of passengers (000)	0	3,766.7%	4	-98.5%
SAS total traffic (scheduled and	May21	Change1	Nov20- May21	Change1
charter)
ASK (Mill.)	1,079	513.8%	6,382	-63.9%
RPK (Mill.)	389	297.8%	1,945	-83.2%
Load factor	36.1%	-19.6 p.p.	30.5%	-35.1 p.p.
No. of passengers (000)	404	155.7%	2.263	-76.5%

Change compared to same period last year. p u = percentage units

Preliminary yield and PASK	May21	Nominal change	FX adjusted change
Yield, SEK	1.20	-39.5%	-42.0%
PASK, SEK	0.43	-60.8%	-62.4%

	May21
Punctuality (arrival 15 min)	92.4%
Regularity	99.7%
Change in total CO2 emissions, rolling 12 months	-75.0%
Change in CO2 emissions per available seat kilometer	-11.5%
Carbon offsetting of passenger related emissions	61%

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 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 Michel Fischier at 11:00 a.m. CET on 7 June 2021.