SAS

Earnings Release • Dec 7, 2023

SAS Traffic figures - November 2023

SAS Traffic figures - November 2023

1.8 million passengers traveled with SAS during November

1.8 million passengers traveled with SAS in November, a 10 percent increase

compared with the same month last year. SAS' capacity increased 11 percent and

RPK increased 17 percent, compared to November 2022. The flown load factor for

November was 72 percent.

"1.8 million passengers traveled with SAS in November, which represents a

passenger volume increase of 10 percent compared to November last year. We are

also pleased to see that regularity reached 99.2 percent for November, and that

our load factor increased with 3.3 percentage points compared to the same period

last year. During the month, the US Court approved SAS' entry into the

investment agreement with the winning bidder consortium of our exit financing

process. We are very proud to have reached this key milestone in our SAS FORWARD

plan, and it shows SAS' potential to remain at the forefront of the airline

industry for years to come," says Anko van der Werff, President & CEO of SAS.

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SAS total traffic (scheduled and charter) Nov23 Change[1]

ASK (Mill.) 3,265 11.3%

RPK (Mill.) 2,351 16.7%

Load factor 72.0% 3.3 pp

No. of passengers (000) 1,840 10.4%

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

Geographical development, schedule Nov23           vs.          Nov22

RPK ASK

Intercontinental 22.2% 12.7%

Europe/Intra-Scandinavia 20.5% 16.2%

Domestic 3.7% -0.8%

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Preliminary yield and PASK Nov23 Nominal change[1] FX adjusted change

Yield, SEK 1.08 3.4% -4.6%

PASK, SEK 0.77 2.0% 0.7%

Nov23

Punctuality (arrival 15 75.8%

min)

Regularity 99.2%

Change in total CO\2 23.6%

\emissions

Change in CO\2 \emissions 1.7%

per available seat

kilometer

Carbon offsetting of 44.0%

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 tickets), rolling 12 months vs rolling 12 months previous year

Carbon offsetting of passenger related emissions - Share of SAS passenger

related carbon emissions compensated by SAS (EuroBonus members, youth tickets

and SAS' staff travel) during the month

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, flies to destinations in Europe, USA and Asia. Spurred by a

Scandinavian heritage and sustainability values, SAS aims to be the driving

force in sustainable aviation and in the transition toward net zero emissions.

We are continuously reducing our carbon emissions through using more sustainable

aviation fuel, investing in new fuel-efficient aircraft and technology

innovation together with partners - thereby contributing towards the industry

target of net zero CO2 emissions by 2050. In addition to flight operations, SAS

offers ground handling services, technical maintenance and air cargo services.

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, through

the agency of Erno Hildén, at 11:00 a.m. CET on December 7, 2023.