In August over one million passengers traveled with SAS

During the summer season the customer demand has increased, and more than one
million passengers flew with SAS in August. This is about the same level as in
July, but an increase of almost 52% compared to the same month last year.
Capacity was marginally lower than last month, but 65% higher than the same
month last year. The total load factor for August ended at 61%, which is in line
with July.

"Imposed travel restrictions remain and everybody at SAS are doing everything
possible to make traveling easier for the customers. We continue to open new
routes when travel restrictions and demand allow. However, there are still major
uncertainties regarding the development of the pandemic, affecting the whole
airline industry negatively. Flexibility during the ramp up phase to be able to
respond quickly to changes in demand remains key," says Anko van der Werff,
President and CEO at SAS.

[][]
SAS scheduled traffic    Aug21  Change[1]  Nov20- Aug21  Change[1]
ASK (Mill.)              2,068    58.7%       12,080      -39.2%
RPK (Mill.)              1,239   103.7%       5,195       --58.0%
Passenger load factor    59.9%   13.3 pp      43.0%      -19.1 pp
No. of passengers (000)  1,038    48.4%       4,929       -55.7%

Geographical          Aug21           Nov20-
development,            vs.           Aug21
schedule                 Aug20          vs.
                                      Nov19
                                      -Aug20
                     RPK      ASK      RPK     ASK
Intercontinental    429.9%   154.5%   -80.7%  -43.4%
Europe/Intrascandi  128.9%   72.4%    -52.6%  -46.1%
navia
Domestic            16.7%    -0.8%    -36.7%  -20.5%
[][]
SAS charter traffic      Aug21  Change[1]  Nov20- Aug21  Change[1]
ASK (Mill.)               168    211.4%        383        -58.5%
RPK (Mill.)               122    183.3%        279        -65.0%
Load factor              72.5%   -7.2 pp      72.8%      -13.7 pp
No. of passengers (000)   49     172.2%        113        -57,4%
[][]
SAS total traffic  Aug21  Change[1]  Nov20- Aug21  Change[1]
(scheduled and
charter)
ASK (Mill.)        2,236    64.7%       12,462      -40.1%
RPK (Mill.)        1,361   108.9%       5,473       -58.4%
Load factor        60.9%   12.9 pp      43.9%      -19.3 pp
No. of passengers  1,087    51.5%       5,043       -55.7%
(000)

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

[]\\
Preliminary yield and PASK   Aug21  Nominal change[1]  FX adjusted change
Yield, SEK                    0.96             -17.0%              -17.5%
PASK, SEK                     0.57               6.5%                5.9%

                                                                    Aug21
Punctuality (arrival 15                                             87.4%
min)
Regularity                                                          98.8%
Change in total CO2                                               -56,7%
emissions, rolling 12
months
Change in CO2 emissions                                          -13,1%
per available seat
kilometer
Carbon offsetting of                                                  54%
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 CO2 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 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, 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 7 September 2021.

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