SAS — Earnings Release 2023

Mar 7, 2023

SAS Traffic figures - February 2023

SAS Traffic figures - February 2023

1.6 million passengers traveled with SAS during February

The number of passengers traveling with SAS amounted to 1.6 million in February,

an increase by 64 percent compared to the same period last year. SAS' passenger

demand continued its positive trend with RPK increasing by 61 percent while

capacity increased by 33 percent, compared to the same period last year. The

flown load factor for February was 71 percent, an improvement by 13 percentage

points compared to February last year.

"Passenger demand continued its positive trend for SAS and 1.6 million

passengers traveled with us in February, up 64 percent compared to the same

month last year. Our flown load factor continues to improve and reached 71

percent in February. During the month, we have inaugurated our route from

Copenhagen to JFK in New York as part of strengthening our US offering.  We

continue to prepare for a busy summer season and the launch of our 20 new summer

season routes," says Anko van der Werff, President & CEO of SAS.

[][]

SAS total traffic Feb23 Change[1] Nov22- Feb23 Change[1]

(scheduled and

charter)

ASK (Mill.) 2,585 32.5% 10,936 21.2%

RPK (Mill.) 1,831 61.4% 7,614 49.7%

Load factor 70.8% 12.7 pp 69.6% 13.3 pp

No. of passengers 1,555 64.4% 6,122 52.0%

(000)

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

Geographical Feb23           Nov22-

development, vs.          Feb23

schedule Feb22   vs.

Nov21

-Feb22

RPK ASK RPK ASK

Intercontinental 127.8% 36.0% 89.7% 36.4%

Europe/Intrascandi 53.0% 38.7% 36.6% 15.7%

navia

Domestic 42.5% 27.9% 33.7% 13.5%

[]\\\\

Preliminary yield and PASK Feb23 Nominal change[1] FX adjusted change

Yield, SEK 1.07 4.6% 1.8%

PASK, SEK 0.75 29.5% 26.0%

Feb23

Punctuality (arrival 15 71.9%

min)

Regularity 97.7%

Change in total CO\2 63.5%

\emissions

Change in CO\2 \emissions 3.4%

per available seat

kilometer,

Carbon offsetting of 42.6%

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. CET on March 7, 2023.