SAS — Earnings Release 2023

Oct 6, 2023

SAS Traffic figures - September 2023

SAS Traffic figures - September 2023

2.3 million passengers traveled with SAS during September

2.3 million passengers traveled with SAS in September, a 17 percent increase

compared with the same month last year. SAS' capacity increased 18 percent and

RPK increased 18 percent, compared with the same month last year. The flown load

factor for September was 78 percent.

"We are pleased to see a continued strong demand for travel. 2.3 million

passengers traveled with SAS in September, up 17 percent from the same month

last year. September also came with other good news for SAS, as we won a Red Dot

Award for our redesigned app and earned a five-star rating in the 2023 global

APEX customer ranking. Both achievements are a result of our hard work to

continue building Scandinavia's leading airline" says Anko van der Werff,

President & CEO of SAS

[][]

SAS total traffic Sep23 Change[1] Nov22- Sep23 Change [1]

(scheduled and

charter)

ASK (Mill.) 4,108 17.6% 38,518 24.9%

RPK (Mill.) 3,214 18.1% 29,466 35.9%

Load factor 78.2% 0.3 pp 76.5% 6.2 pp

No. of passengers 2,324 17.4% 21,476 34.7%

(000)

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

Geographical Sep23           Nov22

development, vs.          -Sep23

schedule Sep22   vs.

Nov21

-Sep22

RPK ASK RPK ASK

Intercontinental 15.1% 17.4% 50.8% 35.7%

Europe/Intra 26.5% 27.2% 34.1% 25.0%

-Scandinavia

Domestic 12.0% 4.6% 24.1% 13.9%

[]\\\\

Preliminary yield and PASK Sep23 Nominal change[1] FX adjusted change

Yield, SEK 1.10 -1.2% -2.9%

PASK, SEK 0.84 -0.9% -2.6%

Sep23

Punctuality (arrival 15 76.8%

min)

Regularity 99.0%

Change in total CO\2 26.8%

\emissions

Change in CO\2 \emissions 1.7%

per available seat

kilometer

Carbon offsetting of 43.7%

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.

SAS is a founding 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, through

the agency of Erno Hildén, at 11:00 a.m. CEST on October 6, 2023.