SAS

Earnings Release • Jul 5, 2024

Scandinavian Airlines

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

SAS Traffic figures – June 2024

2.5 million passengers traveled with SAS during June

2.5 million passengers traveled with SAS in June, a 3 percent increase compared with the same month last year. SAS' capacity increased by 8 percent and RPK increased by 8 percent, compared with June 2023. The flown load factor for June was 81 percent.

"We are pleased to enter the summer season with increasing passenger volumes and a strong regularity of 99.1 percent. In June, we also inaugurated a new route to Atlanta and launched a new partnership with the digital challenger bank Lunar, which means we are launching Scandinavia's first debit card that can be used to earn EuroBonus points," says Anko van der Werff, President & CEO of SAS.

SAS total traffic (scheduled and charter)	Jun24	Change1	Nov23- Jun24	Change 1
ASK (Mill.)	4,313	7.7%	27,808	10.0%
RPK (Mill.)	3,480	8.1%	21,159	13.1%
Load factor	80,7%	0.2 pp	76.1%	2.0 pp
No. of passengers (000)	2,461	3.1%	15,454	6.7%
1 Change compared to same period last year, pp = percentage points

Geographical development, schedule	Jun24	vs. Jun23	Nov23-Jun24 vs. Nov22-Jun23
	RPK	ASK	RPK	ASK
Intercontinental	-0.8%	1.9%	14.3%	10.5%
Europe/Intra-Scandinavia	22.4%	21.6%	19.2%	16.0%
Domestic	-10.2%	-15.6%	-3.3%	-6.1%

			FX adjusted
Preliminary yield and PASK	Jun24	Nominal change1	change
Yield, SEK	1.16	-4.3%	-3.8%
PASK, SEK	0.93	-3.9%	-3.5%

	Jun24
Punctuality (departure 15 min)	78.8%
Regularity	99.1%
Change in total CO2 emissions	15.6%
Change in CO2 emissions per available seat kilometer	-1.8%

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

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.

Scandinavian Airlines

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

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. Learn more at https://www.sasgroup.net