SAS — Earnings Release 2023

Oct 6, 2023

195 87 Stockholm Telephone: +46 8-797 0000 Fax: +46 8-797 1515 www.sasgroup.net

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 fivestar 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 (scheduled and charter)	Sep23	Change1	Nov22- Sep23	Change 1
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 (000)	2,324	17.4%	21,476	34.7%

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

Geographical development, schedule	Sep23	vs.	Sep22	Nov22-Sep23 vs. Nov21-Sep22
	RPK		ASK	RPK	ASK
Intercontinental	15.1%		17.4%	50.8%	35.7%
Europe/Intra-Scandinavia	26.5%		27.2%	34.1%	25.0%
Domestic	12.0%		4.6%	24.1%	13.9%

			FX adjusted change
Preliminary yield and PASK	Sep23	Nominal change1
Yield, SEK	1.10	-1.2%	-2.9%
PASK, SEK	0.84	-0.9%	-2.6%

	Sep23
Punctuality (arrival 15 min)	76.8%
Regularity	99.0%
Change in total CO2 emissions	26.8%
Change in CO2 emissions per available seat kilometer	1.7%
Carbon offsetting of passenger related emissions	43.7%

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 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

Scandinavian Airlines

195 87 Stockholm Telephone: +46 8-797 0000 Fax: +46 8-797 1515 www.sasgroup.net

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