Increased traveling during the summer resulted in over a million passengers in
July.

July was a month with increased numbers of travelers. More than a million
passengers chose to fly with SAS, which is an increase of almost 70% compared
with June. Capacity was raised during the month with increased frequency and
destinations. The load factor ended at 60%, which is the highest number since
February 2020.

"We see the numbers improving gradually which is pleasing. However, we do
naturally remain cautious as there are still a high number of uncertainties
ahead of us. Remaining travel restrictions are still affecting passengers and we
do everything possible to give our customers a smooth travel experience. SAS is
offering flexible tickets and rebooking possibilities. We also provide digital
tools which help passengers track updates to restrictions to make it easier to
travel," says Anko van der Werff, President and CEO at SAS.

[][]
SAS scheduled traffic  Jul21  Change[1]  Nov20- Jul21  Change[1]

ASK (Mill.)              2 300    75.8%  10 012    -46.1%
RPK (Mill.)              1 370   107.1%   3 956    -66.3%
Passenger load factor    59.6%  +9.0 pp   39.5%  -23.7 pp
No. of passengers (000)  1 023    46.3%   3 891    -62.7%

Geographical  Jul21            Nov20-
development,   vs.             Jul21
schedule           Jul20         vs.
                               Nov19
                               -Jul20
              RPK     ASK      RPK  ASK

Intercontinental         471.3%  160.1%  -86.3%  -49.8%
Europe/Intrascandinavia  145.3%  104.3%  -63.3%  -55.3%
Domestic                 10.7%   -2.8%   -41.9%  -22.7%
  [][]
SAS charter traffic  Jul21  Change[1]  Nov20- Jul21  Change[1]

ASK (Mill.)                157   790.8%    215    -75.2%
RPK (Mill.)                134   831.3%    157    -79.2%
Load factor              85.6%  +3.7 pp  73.1%  -13.9 pp
No. of passengers (000)     56   882.7%     64    -74.1%
  [][]
SAS total traffic  Jul21  Change[1]  Nov20- Jul21  Change[1]
(scheduled and
charter)

ASK (Mill.)              2 457     85.3%  10 227    -47.4%
RPK (Mill.)              1 504    122.5%   4 113    -67.1%
Load factor              61.2%  +10.2 pp   40.2%  -24.1 pp
No. of passengers (000)  1 079     53.0%   3 955    -63.0%

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

\\
Preliminary yield and PASK   Jul21  Nominal change  FX adjusted change
Yield, SEK                    0.87          -21.3%              -21.4%
PASK, SEK                     0.52           -7.2%               -7.4%

                                                                 Jun21
Punctuality (arrival 15                                          84.0%
min)
Regularity                                                       98.2%
Change in total CO2                                            -63.8%
emissions, rolling 12
months
Change in CO2 emissions                                       -13.0%
per available seat
kilometer
Carbon offsetting of                                               56%
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 6 August 2021.

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