SAS — Regulatory Filings 2021

Nov 8, 2021

SAS Traffic figures - October 2021

SAS Traffic figures - October 2021

Passengers traveling with SAS continues to increase during October

In October 1.4 million passengers flew with SAS, an increase of more than 130%

compared to the same month last year. Customer demand continues to increase and

so does SAS' capacity, which was 100% higher than the same month last year. The

load factor for October was 62%, an improvement of 23 percentage points compared

to October last year.

"It's positive to see that the increase in travelers continues also after the

summer season, and that the ticket sales are going up. In October, passengers

flying with SAS increased with more than 250.000, compared to September. The

ramp-up continues and both capacity and load factor are higher this month. We

still face challenges and an unpredictable future, which makes it very important

to stay competitive. We have to be agile to be able to respond to changes in

customer demand going forward," says Anko van der Werff, President & CEO of SAS.

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SAS scheduled traffic Oct21 Change[1] Nov20- Oct21 Change[1]

ASK (Mill.) 2,369 93.5% 16,585 -25.8%

RPK (Mill.) 1,426 212.1% 7,748 --41.6%

Passenger load factor 60.2% 22.9 pp 46.7% -12.6 pp

No. of passengers (000) 1,349 127.6% 7,380 -40.1%

Geographical Oct21           Nov20-

development, vs.          Oct21

schedule Oct20   vs.

Nov19

-Oct20

RPK ASK RPK ASK

Intercontinental 266.5% 101.8% -73.9% -31.2%

Europe/Intrascandi 420.7% 188.5% -28.0% -27.3%

navia

Domestic 43.5% 2.1% -26.2% -16.8%

[][]

SAS charter traffic Oct21 Change[1] Nov20- Oct21 Change[1]

ASK (Mill.) 140 379.0% 667 -33.8%

RPK (Mill.) 121 399.5% 508 -41.4%

Load factor 86.3% 3.6 pp 76.2% -9.9 pp

No. of passengers (000) 45 371.5% 205 -30.6%

[][]

SAS total traffic Oct21 Change[1] Nov20- Oct21 Change[1]

(scheduled and

charter)

ASK (Mill.) 2,509 100.2% 17,253 -26.2%

RPK (Mill.) 1,547 221.5% 8,256 -41.6%

Load factor 61.6% 23.3 pp 47.9% -12.6 pp

No. of passengers 1,394 131.5% 7,585 -39.9%

(000)

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

[]\\\\

Preliminary yield and PASK Oct21 Nominal change[1] FX adjusted change

Yield, SEK 1.11 -8.2% -9.6%

PASK, SEK 0.67 48.1% 45.7%

Oct21

Punctuality (arrival 15 81.1%

min)

Regularity 98.4%

Change in total CO\2 -34.3%

\emissions

Change in CO\2 \emissions -11.9%

per available seat

kilometer,

Carbon offsetting of 53.7%

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, is flying to destinations in Europe, USA and Asia. Spurred by a

Scandinavian heritage and sustainable values, SAS aims to be the global leader

in sustainable aviation. We will reduce total carbon emissions by 25 percent by

2025, by using more sustainable aviation fuel and our modern fleet with fuel

-efficient aircraft. In addition to flight operations, SAS offers ground

handling services, technical maintenance and air cargo services. SAS is a

founder member of the Star AllianceT, and together with its partner airlines

offers a wide network worldwide. 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 by Louise

Bergström at 11:00 a.m. CET on 8 November 2021.