SAS — Regulatory Filings 2021

Apr 12, 2021

SAS Traffic figures - March 2021

SAS Traffic figures - March 2021

Continued strict travel restrictions, but Easter holidays lead to increase in

travel during March.

In March 310,000 passengers flew with SAS, an increase of about 40% compared

with February, but almost 70% lower than the same month last year. The increased

demand led to an improvement in the load factor compared with February by 5

percentage points to 31%. The load factor continues to be generally higher on

SAS' Scandinavian and European traffic and amounted to 44% in March, which is an

improvement of 2 percentage points compared with February.

"The number of passengers and future bookings has increased during the month,

but from very low levels. The development of the demand for air travel is

entirely dependent on ongoing vaccinations and that travel restrictions can be

eased and coordinated between countries and regions. Although the market for the

aviation industry remains challenging, we succeeded in securing favorable

financing agreements for future deliveries of aircraft from Airbus during the

month. The new aircraft take us toward a unified fleet with significantly lower

fuel consumption and emissions," says Rickard Gustafson, CEO of SAS.

[][]

SAS scheduled traffic Mar21 Change[1] Nov20- Mar21 Change[1]

ASK (Mill.) 865 -62,2% 4 285 -74,0%

RPK (Mill.) 266 -76,1% 1 243 -88,4%

Passenger load factor 30,8% -17,9 p u 29,0% -36,0 p u

No. of passengers (000) 313 -68,6% 1,536 -83,2%

Geographical Mar21           Nov20-

development, vs.          Mar21

schedule Mar20    vs.

Nov19

-Mar20

RPK ASK RPK ASK

Intercontinental -92,3% -50,3% -96,3% -75,8%

Europe/Intrascandi -82,8% -81,6% -90,9% -84,8%

navia

Domestic -41,6% -36,8% -67,6% -46,0%

[][]

SAS charter traffic Mar21 Change[1] Nov20- Mar21 Change[1]

ASK (Mill.) 6 -94,7% 32 -96,1%

RPK (Mill.) 2 -96,9% 12 -98,3%

Load factor 40,8% -30,6 p u 38,6% -50,7 p u

No. of passengers (000) 1 -97,6% 3 -98,6%

[][]

SAS total traffic Mar21 Change[1] Nov20- Mar21 Change[1]

(scheduled and

charter)

ASK (Mill.) 870 -63,6% 4 317 -75,0%

RPK (Mill.) 268 -77,4% 1 256 -89,0%

Load factor 30,8% -18,8 p u 29,1% -37,1 p u

No. of passengers 313 -69,3% 1,539 -83,6%

(000)

[1] Change compared to same period last year. p u = percentage units

\\\\

Preliminary yield and PASK Mar21 Nominal change FX adjusted change

Yield, SEK 1.29 26.7% 32.7%

PASK, SEK 0.40 -19.9% -16.1%

Mar21

Punctuality (arrival 15 90.8%

min)

Regularity 99.4%

Change in total CO\2 -81.1%

\emissions, rolling 12

months

Change in CO\2 \emissions -9.3%

per available seat

kilometer

Carbon offsetting of 47%

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), rolling 12 months

Carbon offsetting of passenger related emissions - Share of SAS passenger

related carbon emissions compensated by SAS (EuroBonus members, youth tickets

and SAS' staff travel)

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

Michel Fischier, VP Investor Relations, +46 70 997 06 73

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 Michel

Fischier at 11:00 a.m. CET on 12 April 2021.