SAS

Earnings Release • Jan 8, 2024

SAS Traffic figures - December 2023

SAS Traffic figures - December 2023

1.6 million passengers traveled with SAS during December

1.6 million passengers traveled with SAS in December, a 6 percent increase

compared with the same month last year. SAS' capacity increased by almost 12

percent and RPK increased by 14 percent, compared to December 2022. The flown

load factor for December was 73 percent.

"1.6 million passengers traveled with SAS in December, which represents a

passenger volume increase of 6 percent compared to last year. In December,

Skellefteå City Airport became the first individual airport in Sweden to join

SAS's Corporate Sustainability program, and we hope this partnership will

inspire other companies to join and be part of the journey to transform aviation

for generations to come. SAS is also expanding its flight offerings and

increasing capacity in the summer traffic program. This summer, SAS will fly to

over 130 destinations in more than 40 countries, with added frequencies to

popular destinations in Europe, North America and Asia and nine new destinations

in Europe," says Anko van der Werff, President & CEO of SAS

[][]

SAS total traffic Dec23 Change[1] Nov23- Dec23 Change [1]

(scheduled and

charter)

ASK (Mill.) 3,027 11.5% 6,292 11.4%

RPK (Mill.) 2,219 14.1% 4,570 15.4%

Load factor 73.3% 1.6 pp 72.6% 2.5 pp

No. of passengers 1,564 6.4% 3,404 8.5%

(000)

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

Geographical Dec23           Nov23

development, vs.          -Dec23

schedule Dec22   vs.

Nov22

-Dec22

RPK ASK RPK ASK

Intercontinental 13.8% 14.9% 17.8% 13.8%

Europe/Intra 21.5% 17.2% 21.0% 16.6%

-Scandinavia

Domestic -2.0% -9.5% 1.0% -4.8%

[]\\\\

Preliminary yield and PASK Dec23 Nominal change[1] FX adjusted change

Yield, SEK 1.02 -0.1% 0.9%

PASK, SEK 0.74 2.3% 3.4%

Dec23

Punctuality (arrival 15 63.1%

min)

Regularity 98.5%

Change in total CO\2 23.5%

\emissions

Change in CO\2 \emissions 1.7%

per available seat

kilometer

Carbon offsetting of 40.5%

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, 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 January 8, 2024.