SAS

Earnings Release • Jun 10, 2024

Scandinavian Airlines

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

SAS Traffic figures – May 2024

2.3 million passengers traveled with SAS during May

2.3 million passengers traveled with SAS in May, an 8 percent increase compared with the same month last year. SAS' capacity increased by 8 percent and RPK increased by 11 percent, compared with May 2023. The flown load factor for May was 79 percent.

"We are pleased to see that passenger volumes continue to increase. 2.3 million passengers traveled with SAS in May, up 8 percent compared to the same month last year. We had strong operational performance in May and regularity reached 99.6 percent. During the month, SAS also signed a new 3-year agreement with Apollo worth SEK 4.5 billion, meaning that SAS remains Apollo's major charter operations partner in Scandinavia from the summer of 2025 through the summer of 2027. The new agreement with Apollo reaffirms SAS' position as a valued partner in the leisure market," says Anko van der Werff, President & CEO of SAS.

SAS total traffic (scheduled and charter)	May24	Change1	Nov23- May24	Change 1
ASK (Mill.)	4,065	7.6%	23,495	10.4%
RPK (Mill.)	3,219	10.5%	17,679	14.1%
Load factor	79.2%	2.1 pp	75.2%	2.4 pp
No. of passengers (000)	2,345	8.0%	12,993	7.4%

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

Geographical development, schedule	May24	vs.	May23	Nov23-May24 vs. Nov22-May23
	RPK		ASK	RPK	ASK
Intercontinental	5.0%		-0.2%	17.3%	12.0%
Europe/Intra-Scandinavia	22.0%		20.0%	18.5%	15.0%
Domestic	-4.2%		-8.5%	-2.1%	-4.5%

Preliminary yield and PASK	May24	Nominal change1	FX adjusted change
Yield, SEK	1.02	-5.5%	-8.2%
PASK, SEK	0.81	-2.4%	-5.2%

	May24
Punctuality (departure 15 min)	86.4%
Regularity	99.6%
Change in total CO2 emissions	17.4%
Change in CO2 emissions per available seat kilometer	-1.1%

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

Scandinavian Airlines

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

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.

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