1.6 million passengers traveled with SAS during February

The number of passengers traveling with SAS amounted to 1.6 million in February,
an increase by 64 percent compared to the same period last year. SAS' passenger
demand continued its positive trend with RPK increasing by 61 percent while
capacity increased by 33 percent, compared to the same period last year. The
flown load factor for February was 71 percent, an improvement by 13 percentage
points compared to February last year.

"Passenger demand continued its positive trend for SAS and 1.6 million
passengers traveled with us in February, up 64 percent compared to the same
month last year. Our flown load factor continues to improve and reached 71
percent in February. During the month, we have inaugurated our route from
Copenhagen to JFK in New York as part of strengthening our US offering.  We
continue to prepare for a busy summer season and the launch of our 20 new summer
season routes," says Anko van der Werff, President & CEO of SAS.


[][]
SAS total traffic  Feb23  Change[1]  Nov22- Feb23  Change[1]
(scheduled and
charter)
ASK (Mill.)        2,585    32.5%       10,936       21.2%
RPK (Mill.)        1,831    61.4%       7,614        49.7%
Load factor        70.8%   12.7 pp      69.6%       13.3 pp
No. of passengers  1,555    64.4%       6,122        52.0%
(000)

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

Geographical        Feb23            Nov22-
development,         vs.             Feb23
schedule                 Feb22         vs.
                                     Nov21
                                     -Feb22
                     RPK      ASK     RPK    ASK
Intercontinental    127.8%   36.0%   89.7%  36.4%
Europe/Intrascandi  53.0%    38.7%   36.6%  15.7%
navia
Domestic            42.5%    27.9%   33.7%  13.5%
[]\\
Preliminary yield and PASK   Feb23  Nominal change[1]  FX adjusted change
Yield, SEK                    1.07               4.6%                1.8%
PASK, SEK                     0.75              29.5%               26.0%

                                                                    Feb23
Punctuality (arrival 15                                             71.9%
min)
Regularity                                                          97.7%
Change in total CO2                                                63.5%
emissions
Change in CO2 emissions                                            3.4%
per available seat
kilometer,
Carbon offsetting of                                                42.6%
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, through
the agency of Erno Hildén, at 11:00 a.m. CET on March 7, 2023.

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