1.5 million passengers traveled with SAS during January

1.5 million passengers traveled with SAS in January, a 1 percent increase
compared with the same month last year. SAS' capacity increased by 5 percent and
RPK increased by 9 percent, compared with January 2023. The flown load factor
for January was 70 percent.

"We are pleased to see that more and more people choose to travel with SAS. To
meet the increasing demand for travel, we released our summer program in
January, adding several new and exciting destinations in Scandinavia, Europe and
the US. We also announced a new collaboration with Airbus, Swedavia, Vattenfall
and Avinor, to jointly investigate the feasibility of infrastructure for
hydrogen-fueled aircraft at airports in Norway and Sweden. By partnering with
some of the strongest players in the industry, we are assuming our role in
driving the transition towards achieving net-zero emissions," says Anko van der
Werff, President & CEO of SAS.

[][]
SAS total traffic  Jan24  Change[1]  Nov23- Jan24  Change [1]
(scheduled and
charter)
ASK (Mill.)        2,832    4.7%        9,124         9.3%
RPK (Mill.)        1,982    8.6%        6,552        13.3%
Load factor        70.0%   2.5 pp       71.8%        2.6 pp
No. of passengers  1,450    1.4%        4,853         6.3%
(000)

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

Geographical      Jan24            Nov23
development,       vs.             -Jan24
schedule               Jan23         vs.
                                   Nov22
                                   -Jan23
                   RPK     ASK      RPK    ASK
Intercontinental  16.2%   13.4%    17.3%  13.7%
Europe/Intra      7.3%     1.7%    16.8%  11.9%
-Scandinavia
Domestic          -3.0%   -6.9%    -0.2%  -5.4%
[]
Preliminary yield and PASK  Jan24  Nominal change[1]  FX adjusted change
Yield, SEK                   1.03              -1.1%                1.8%
PASK, SEK                    0.71               2.9%                5.9%

                                                                   Jan24
Punctuality (arrival 15                                            69.1%
min)
Regularity                                                         97.6%
Change in total CO2                                               19.8%
emissions
Change in CO2 emissions                                           0.2%
per available seat
kilometer

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

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, flies to destinations in Europe, USA and Asia. Spurred by a
Scandinavian heritage and sustainability values, SAS aims to be the driving
force in sustainable aviation and in the transition toward net zero emissions.
We are continuously reducing our carbon emissions through using more sustainable
aviation fuel, investing in new fuel-efficient aircraft and technology
innovation together with partners - thereby contributing towards the industry
target of net zero CO2 emissions by 2050. In addition to flight operations, SAS
offers ground handling services, technical maintenance and air cargo services.
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 February 7, 2024.