Passengers traveling with SAS continues to increase during October

In October 1.4 million passengers flew with SAS, an increase of more than 130%
compared to the same month last year. Customer demand continues to increase and
so does SAS' capacity, which was 100% higher than the same month last year. The
load factor for October was 62%, an improvement of 23 percentage points compared
to October last year.

"It's positive to see that the increase in travelers continues also after the
summer season, and that the ticket sales are going up. In October, passengers
flying with SAS increased with more than 250.000, compared to September. The
ramp-up continues and both capacity and load factor are higher this month. We
still face challenges and an unpredictable future, which makes it very important
to stay competitive. We have to be agile to be able to respond to changes in
customer demand going forward," says Anko van der Werff, President & CEO of SAS.

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SAS scheduled traffic    Oct21  Change[1]  Nov20- Oct21  Change[1]
ASK (Mill.)              2,369    93.5%       16,585      -25.8%
RPK (Mill.)              1,426   212.1%       7,748       --41.6%
Passenger load factor    60.2%   22.9 pp      46.7%      -12.6 pp
No. of passengers (000)  1,349   127.6%       7,380       -40.1%

Geographical        Oct21            Nov20-
development,         vs.             Oct21
schedule                 Oct20         vs.
                                     Nov19
                                     -Oct20
                     RPK      ASK     RPK     ASK
Intercontinental    266.5%  101.8%   -73.9%  -31.2%
Europe/Intrascandi  420.7%  188.5%   -28.0%  -27.3%
navia
Domestic            43.5%    2.1%    -26.2%  -16.8%

[][]
SAS charter traffic      Oct21  Change[1]  Nov20- Oct21  Change[1]
ASK (Mill.)               140    379.0%        667        -33.8%
RPK (Mill.)               121    399.5%        508        -41.4%
Load factor              86.3%   3.6 pp       76.2%       -9.9 pp
No. of passengers (000)   45     371.5%        205        -30.6%

[][]
SAS total traffic  Oct21  Change[1]  Nov20- Oct21  Change[1]
(scheduled and
charter)
ASK (Mill.)        2,509   100.2%       17,253      -26.2%
RPK (Mill.)        1,547   221.5%       8,256       -41.6%
Load factor        61.6%   23.3 pp      47.9%      -12.6 pp
No. of passengers  1,394   131.5%       7,585       -39.9%
(000)

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

[]\\
Preliminary yield and PASK   Oct21  Nominal change[1]  FX adjusted change
Yield, SEK                    1.11              -8.2%               -9.6%
PASK, SEK                     0.67              48.1%               45.7%

                                                                    Oct21
Punctuality (arrival 15                                             81.1%
min)
Regularity                                                          98.4%
Change in total CO2                                               -34.3%
emissions
Change in CO2 emissions                                          -11.9%
per available seat
kilometer,
Carbon offsetting of                                                53.7%
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 8 November 2021.

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