SAS

Earnings Release • Feb 7, 2024

SAS Traffic figures - January 2024

SAS Traffic figures - January 2024

1.5 million passengers traveled with SAS during January

1.5 million passengers traveled with SAS in January, a 1 percent increase

compared with the same month last year. SAS' capacity increased by 5 percent and

RPK increased by 9 percent, compared with January 2023. The flown load factor

for January was 70 percent.

"We are pleased to see that more and more people choose to travel with SAS. To

meet the increasing demand for travel, we released our summer program in

January, adding several new and exciting destinations in Scandinavia, Europe and

the US. We also announced a new collaboration with Airbus, Swedavia, Vattenfall

and Avinor, to jointly investigate the feasibility of infrastructure for

hydrogen-fueled aircraft at airports in Norway and Sweden. By partnering with

some of the strongest players in the industry, we are assuming our role in

driving the transition towards achieving net-zero emissions," says Anko van der

Werff, President & CEO of SAS.

[][]

SAS total traffic Jan24 Change[1] Nov23- Jan24 Change [1]

(scheduled and

charter)

ASK (Mill.) 2,832 4.7% 9,124 9.3%

RPK (Mill.) 1,982 8.6% 6,552 13.3%

Load factor 70.0% 2.5 pp 71.8% 2.6 pp

No. of passengers 1,450 1.4% 4,853 6.3%

(000)

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

Geographical Jan24           Nov23

development, vs.          -Jan24

schedule Jan23   vs.

Nov22

-Jan23

RPK ASK RPK ASK

Intercontinental 16.2% 13.4% 17.3% 13.7%

Europe/Intra 7.3% 1.7% 16.8% 11.9%

-Scandinavia

Domestic -3.0% -6.9% -0.2% -5.4%

[]\\\\

Preliminary yield and PASK Jan24 Nominal change[1] FX adjusted change

Yield, SEK 1.03 -1.1% 1.8%

PASK, SEK 0.71 2.9% 5.9%

Jan24

Punctuality (arrival 15 69.1%

min)

Regularity 97.6%

Change in total CO\2 19.8%

\emissions

Change in CO\2 \emissions 0.2%

per available seat

kilometer

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

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, 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

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 February 7, 2024.