SAS — Earnings Release 2023

Sep 7, 2023

SAS Traffic figures - August 2023

SAS Traffic figures - August 2023

2.3 million passengers traveled with SAS during August

2.3 million passengers traveled with SAS in August, a 22 percent increase

compared with the same month last year. SAS' capacity increased 16 percent and

RPK increased 17 percent, compared with the same month last year. The flown load

factor for August was 79 percent.

"SAS concludes a busy summer season with 7.1 million passengers during June,

July and August combined. The number of passengers in August increased 22

percent compared with the same month last year. We worked hard to ramp up for

the summer season and we are pleased to see the strong demand and high passenger

numbers. We continue to see healthy demand for travel, and we will increase

capacity for the winter season too," says Anko van der Werff, President & CEO of

SAS.

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SAS total traffic Aug23 Change[1] Nov22- Aug23 Change [1]

(scheduled and

charter)

ASK (Mill.) 4,262 16.4% 34,410 25.8%

RPK (Mill.) 3,360 16.6% 26,252 38.5%

Load factor 78.8% 0.1 pp 76,3% 7.0 pp

No. of passengers 2,258 22.0% 19,153 37.2%

(000)

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

Geographical Aug23           Nov22

development, vs.          -Aug23

schedule Aug22   vs.

Nov21

-Aug22

RPK ASK RPK ASK

Intercontinental 7.9% 19.9% 56.8% 38.2%

Europe/Intra 29.6% 24.0% 35.0% 24.8%

-Scandinavia

Domestic 16.4% 5.3% 25.7% 15.1%

[]\\\\

Preliminary yield and PASK Aug23 Nominal change[1] FX adjusted change

Yield, SEK 1.06 6.7% 2.6%

PASK, SEK 0.82 6.3% 2.2%

Aug23

Punctuality (arrival 15 75%

min)

Regularity 99.1%

Change in total CO\2 32%

\emissions

Change in CO\2 \emissions 1.7%

per available seat

kilometer

Carbon offsetting of 33.8%

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 September 7, 2023.