SAS

Earnings Release • May 8, 2024

Scandinavian Airlines

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

SAS Traffic figures – April 2024

2.1 million passengers traveled with SAS during April

2.1 million passengers traveled with SAS in April, a 12 percent increase compared with the same month last year. SAS' capacity increased by 7 percent and RPK increased by 9 percent, compared with April 2023. The flown load factor for April was 77 percent.

"Positive developments continue in April, with 2.1 million passengers travelling with SAS, up 12 percent compared to the same month last year. We had solid operational performance in April and reached our targets for punctuality and regularity, despite being impacted by external factors such as the closure of Norwegian airspace on 25 April. SAS has also signed an Alliance Adherence Agreement with SkyTeam, concluding that SAS will join SkyTeam on September 1 this year. We are very excited to have reached this pivotal milestone in our alliance transition journey. SAS' customers and EuroBonus members will be able to enjoy new destinations and benefits as part of the SkyTeam alliance family, marking the start of an exciting future for customers, partners and employees alike," says Anko van der Werff, President & CEO of SAS.

SAS total traffic (scheduled and charter)	Apr24	Change1	Nov23- Apr24	Change 1
ASK (Mill.)	3,695	7.4%	19,430	11.1%
RPK (Mill.)	2,853	9.4%	14,459	14.9%
Load factor	77.2%	1.4 pp	74.4%	2.5 pp
No. of passengers (000)	2,115	12.0%	10,647	7.3%

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

Geographical development, schedule	Apr24	vs.	Apr23	Nov23-Apr24 vs. Nov22-Apr23
	RPK		ASK	RPK	ASK
Intercontinental	14.0%		6.6%	20.3%	14.6%
Europe/Intra-Scandinavia	8.6%		9.2%	17.7%	13.9%
Domestic	3.6%		4.1%	-1.6%	-3.8%

	FX adjusted
Preliminary yield and PASK	Apr24	Nominal change1	change
Yield, SEK	0.96	-4.3%	-5.2%
PASK, SEK	0.74	-2.3%	-3.2%

	Apr24
Punctuality (departure 15 min)	85.6%
Regularity	99.0 %
Change in total CO2 emissions	18.8%
Change in CO2 emissions per available seat kilometer	-0.6%

Definitions:

RPK – Revenue passenger kilometers ASK – Available seat kilometers Load factor – RPK/ASK Yield – Passenger revenues/RPK (scheduled) PASK – Passenger revenues/ASK (scheduled)

Scandinavian Airlines

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

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.

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