Increased number of travelers in February as restrictions are eased

During February 946,000 passengers traveled with SAS, an increase of 320%
compared to the same month last year. SAS' capacity increased at the same time
by approximately 190% compared with the same period last year. In comparison
with last month, the total number of passengers increased with almost 25% while
capacity was reduced by 12%. The flown load factor for February was 58%, an
improvement of 30 percentage points compared to February last year.

"Once again we saw that demand is positively impacted when travel restrictions
around the world ease. We need to stay agile and flexible as demand changes due
to unexpected events such as the pandemic or the uncertain geopolitical
situation. Our recently launched plan, SAS FORWARD will make us a competitive
sustainable airline going forward," says Anko van der Werff, President & CEO of
SAS.

[][]
SAS scheduled traffic    Feb21    Change[1]     Nov21- Feb22  Change[1]
ASK (Mill.)              1,822      170.8%         8,567       150.4%
RPK (Mill.)              1,026      491.7%         4,738       384.6%
Passenger load factor    56.3%          30.5pp     55.3%       26.7 pp
No. of passengers (000)   908       303.9%         3,918       220.3%

Geographical        Feb22             Nov21-
development,          vs.             Feb22
schedule                 Feb21          vs.
                                      Nov20
                                      -Feb21
                      RPK      ASK      RPK      ASK
Intercontinental    1,438.6%  104.0%  1,047.0%  158.4%
Europe/Intrascandi   948.4%   512.8%   562.6%   323.7%
navia
Domestic             145.9%   68.0%    111.5%   31.0%
[][]
SAS charter traffic      Feb22  Change[1]  Nov21- Feb22  Change[1]
ASK (Mill.)               130   2,248.8%       457       1,652.1%
RPK (Mill.)               108   4,969.1%       349       3,401.2%
Load factor              83.2%   44.6 pp      76.3%       38.1 pp
No. of passengers (000)   38    6,793.7%       110       3,931.5%
[][]
SAS total traffic  Feb22  Change[1]  Nov21- Feb22  Change[1]
(scheduled and
charter)
ASK (Mill.)        1,951   187.7%       9,023       161.8%
RPK (Mill.)        1,134   546.0%       5,087       415.1%
Load factor        58.1%   32.2 pp      56.4%       27.7 pp
No. of passengers   946    319.9%       4,028       228.6%
(000)

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

[]\\
Preliminary yield and PASK   Feb22  Nominal change[1]  FX adjusted change
Yield, SEK                    1.03             -25.3%              -28.9%
PASK, SEK                     0.58              63.3%               55.3%

                                                                    Feb22
Punctuality (arrival 15                                             74.5%
min)
Regularity                                                          98.4%
Change in total CO2                                                78.8%
emissions
Change in CO2 emissions                                           -7.0%
per available seat
kilometer,
Carbon offsetting of                                                47.0%
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. CET on 7 March 2022.

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