SAS — Earnings Release 2023

Jul 7, 2023

SAS Trafiktal - Juni 2023

SAS Trafiktal - Juni 2023

2.4 million passengers traveled with SAS during June

2.4 million passengers traveled with SAS in June, an increase by 23 percent

compared to the same period last year. This is the highest monthly passenger

figure since before the pandemic. SAS' capacity increased by 17 percent and its

RPK by 17 percent, compared to the same period last year. The flown load factor

was 81 percent during the month.

"We are pleased to see a continued positive trend for passenger demand. 2.4

million passengers traveled with SAS in June, up 23 percent compared to the same

month last year, and the highest passenger figure since before the pandemic. Air

Traffic Control capacity issues in Copenhagen continued in June, with heavy

impact on SAS as Copenhagen Airport is our main hub. For SAS, one out of four

flights that experienced operational disruptions in June was due to these

issues. We look forward to welcoming our passengers on board our aircraft as we

enter July, the busiest month of the year", says Anko van der Werff, President &

CEO of SAS

[][]

SAS total traffic Jun23 Change[1] Nov22- Jun23 Change[1]

(scheduled and

charter)

ASK (Mill.) 4,003 16.7% 25,276 20.1%

RPK (Mill.) 3,221 16.9% 18,716 34.6%

Load factor 80.5% 0.1 pp 74.0% 8.0 pp

No. of passengers 2,386 22.6% 14,479 34.3%

(000)

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

Geographical Jun23           Nov22

development, vs.          -Jun23

schedule Jun22   vs.

Nov21

-Jun22

RPK ASK RPK ASK

Intercontinental 18.6% 22.3% 58.9% 31.7%

Europe/Intrascandi 19.3% 16.5% 28.3% 17.7%

navia

Domestic 16.7% 17.8% 20.8% 12.0%

[]\\\\

Preliminary yield and PASK Jun23 Nominal change[1] FX adjusted change

Yield, SEK 1.21 4.6% 2.4%

PASK, SEK 0.96 4.5% 2.3%

Jun23

Punctuality (arrival 15 61.8%

min)

Regularity 97.3%

Change in total CO\2 29.9%

\emissions

Change in CO\2 \emissions 2.6%

per available seat

kilometer,

Carbon offsetting of 38.1%

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, 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 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 July 7, 2023.