SAS — Earnings Release 2023

Apr 12, 2023

SAS Traffic figures - March 2023

SAS Traffic figures - March 2023

1.9 million passengers traveled with SAS during March

The number of passengers traveling with SAS amounted to 1.9 million in March, an

increase by 33 percent compared to the same period last year. SAS' passenger

demand continued its positive trend with RPK increasing by 38 percent while

capacity increased by 25 percent, compared to the same period last year. The

flown load factor for March was 76 percent, an improvement by 7 percentage

points compared to March last year.

"Passenger demand continues its positive trend. In March, 1.9 million passengers

traveled with us, up 33 percent compared to the same month last year. Our flown

load factor continues to improve and reached 76 percent in March. During the

month, we added ten additional routes and more frequencies for the upcoming

summer and autumn. We are preparing for a busy summer season with in total 30

new routes added to the summer traffic program," says Anko van der Werff,

President & CEO of SAS.

[][]

SAS total traffic Mar23 Change[1] Nov22- Mar23 Change[1]

(scheduled and

charter)

ASK (Mill.) 3,118 25.4% 14,054 22.1%

RPK (Mill.) 2,360 38.0% 9,975 46.8%

Load factor 75.7% 6.9 pp 71.0% 11.9 pp

No. of passengers 1,910 32.7% 8,032 46.9%

(000)

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

Geographical Mar23           Nov22

development, vs.          -Mar23

schedule Mar22   vs.

Nov21

-Mar22

RPK ASK RPK ASK

Intercontinental 82.7% 35.0% 88.1% 36.1%

Europe/Intrascandi 28.7% 27.6% 34.5% 18.3%

navia

Domestic 20.2% 15.9% 30.2% 14.1%

[]\\\\

Preliminary yield and PASK Mar23 Nominal change[1] FX adjusted change

Yield, SEK 1.08 0.3% 1.0%

PASK, SEK 0.81 11.1% 11.9%

Mar23

Punctuality (arrival 15 69.6%

min)

Regularity 97.9%

Change in total CO\2 55.8%

\emissions

Change in CO\2 \emissions 3.4%

per available seat

kilometer,

Carbon offsetting of 43.8%

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, 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 April 12, 2023.