SAS AB Increased passenger numbers compared to November driven by holiday travel Almost 400,000 passengers flew withSAS during December, an increase of 18% compared to last month, but a decline by 80% year over year. At the same timeSAS reduced its capacity by 6% compared to November, which corresponds to a reduction of 74% compared to last year. The load factor came in at 33%, an increase of some 8 percentage units (p.u.) compared to the previous month, but down 38 p.u. compared to last year. The increase in passengers and load factor compared to November is mainly driven by an increased demand for domestic travel during the holiday season. "The overall demand continues to be heavily impacted by continued restrictions, with holiday travel significantly below normal levels in December.SAS continues to adapt its capacity according to the demand, that is expected to stay at low levels throughout the winter season. However, we're encouraged by the recent vaccine developments and initiated COVID-19 vaccination programs, providing a foundation for a future normalization of our industry" says Rickard Gustafson, CEOSAS . [][] SAS scheduled traffic Dec20 Change[1] Nov20-Dec20 Change[1] ASK (Mill.) 946 -72.4% 1 947 -73.2% RPK (Mill.) 313 -87.0% 565 -88.9% Passenger load factor 33.1% -37.1 p u 29.0% -40.8 p u No. of passengers (000) 388 -79.7% 718 -83.0% Geographical Dec20 Nov20 development, vs. -Dec20 vs. schedule Dec19 Nov19-Dec19 RPK ASK RPK ASK Intercontinental -95.7% -79.6% -96.4% -80.2% Europe/Intrascandi -88.9% -80.7% -90.9% -82.9% navia Domestic -61.6% -35.7% -67.4% -35.9% [][] SAS charter traffic Dec20 Change[1] Nov20-Dec20 Change[1] ASK (Mill.) 6 -96.6% 14 -95.9% RPK (Mill.) 2 -98.7% 5 -98.3% Load factor 35.2% -55.7 p u 37.7% -54.6 p u No. of passengers (000) 1 -98.9% 1 -98.3% [][]SAS total traffic Dec20 Change[1] Nov20-Dec20 Change[1] (scheduled and charter) ASK (Mill.) 951 -73.5% 1 961 -74.2% RPK (Mill.) 315 -87.7% 570 -89.4% Load factor 33.1% -38.0 p u 29.1% -41.7 p u No. of passengers 389 -80.2% 720 -83.3% (000) [1] Change compared to same period last year. p u = percentage units \\ Preliminary yield and PASK Dec20 Nominal change FX adjusted change Yield, SEK 1.26 32.9% 39.6% PASK, SEK 0.42 -37.4% -34.2% Dec20 Punctuality (arrival 15 82.0% min) Regularity 97.4% Change in total CO2 -68.3% emissions, rolling 12 months Change in CO2 emissions -6.5% per available seat kilometer Carbon offsetting of 44% 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 ofSAS passenger related carbon emissions compensated bySAS (EuroBonus members, youth tickets andSAS ' 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 Michel Fischier, VP Investor Relations, +46 70 997 06 73SAS , Scandinavia's leading airline, with main hubs inCopenhagen ,Oslo andStockholm , is flying to destinations inEurope, USA andAsia . 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 www.sasgroup.net This is information thatSAS AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by Michel Fischier at11:00 a.m. CET on12 January 2021 .
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