Close to 2 million passengers traveled with SAS in August

In August 1.9 million passengers traveled with SAS, an increase of approximately
70% compared to the same month last year. SAS' capacity increased by
approximately 64% compared with the same period last year. In comparison with
last month, the total number of passengers increased with 40% and capacity was
increased by 38%, as operations picked-up again following the 15-day pilot
strike. The flown load factor for August was 79%, an improvement of 18
percentage points compared to August last year.

"We are pleased to see operations picking up again in August, where we again had
almost 2 million customers travelling with us. The total number of passengers
was negatively affected by the pilot-strike as it led to lower sales during that
period. We continue executing our restructuring plan, SAS FORWARD that will lead
to SAS being a financially stable airline, providing the service our customers
are expecting", says Anko van der Werff, President & CEO of SAS.

SAS scheduled traffic    Aug22  Change1   Nov21- Aug22  Change1
ASK (Mill.)              3,235  56.4%     25,321        109.6%
RPK (Mill.)              2,524  103.7%    17,292        232.9%
Passenger load factor    78.0%  +18.1 pp  68.3%         +25.3 pp
No. of passengers (000)  1,710  64.8%     13,341        170.7%

Geographical        Aug22            Nov21-
development,        vs.              Aug22
schedule            Aug21              vs.
                                     Nov20
                                     -Aug21
                    RPK     ASK      RPK     ASK
Intercontinental    325.6%  118.9%   605.8%  127.2%
Europe/Intrascandi  64.0%   45.0%    228.8%  158.7%
navia
Domestic            25.4%   16.4%    79.5%   29.8%

SAS charter traffic      Aug22  Change1   Nov21- Aug22  Change1
ASK (Mill.)              426    154.1%    2 026         429.5%
RPK (Mill.)              358    194.2%    1 668         498.4%
Load factor              83.9%  +11.4 pp  82.3%         +9.5 pp
No. of passengers (000)  140    185.1%    619           446.0%

SAS total traffic  Aug22  Change1   Nov21- Aug22  Change1
(scheduled and
charter)
ASK (Mill.)        3,661  63.8%     27,348        119.4%
RPK (Mill.)        2,882  111.8%    18,959        246.4%
Load factor        78.7%  +17.9 pp  69.3%         +25.4 pp
No. of passengers  1,850  70.2%     13,960        176.8%
(000)

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

Preliminary yield and PASK  Aug22  Nominal change1  FX adjusted change
Yield, SEK                  0.99   3.9%             -0.7%
PASK, SEK                   0.77   35.3%            29.4%

                                                    Aug22
Punctuality (arrival 15                             75.2%
min)
Regularity                                          98.6%
Change in total CO2                                 114.8 %
emissions
Change in CO2 emissions                             1.1%
per available seat
kilometer,
Carbon offsetting of                                34.9%
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 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 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. CEST on September 7, 2022.

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