2 million passengers traveled with SAS during March

2 million passengers traveled with SAS in March, a 5 percent increase compared
with the same month last year. SAS' capacity increased by 15 percent and RPK
increased by 20 percent, compared with March 2023. The flown load factor for
March was 79 percent.

"We are pleased to see that 2 million passengers traveled with SAS in March,
which includes the Easter weekend this year. During the month, the U.S. Court
approved SAS' plan of reorganization, which is a major milestone for SAS FORWARD
and sets a clear path for us to exit the restructuring proceedings. SAS has also
signed a new agreement with the Norwegian Armed Forces for strategic air
evacuation, which means we will continue these proud assignments using lower
emission Airbus A320neo aircraft following the phase-out of the current aircraft
in 2025. Finally, we are proud that SAS was yet again voted the most sustainable
company in the aviation industry among Swedish and Danish consumers," says Anko
van der Werff, President & CEO of SAS.

[][]
SAS total traffic  Mar24  Change[1]  Nov23- Mar24  Change [1]
(scheduled and
charter)
ASK (Mill.)        3,589    15.1%       15,735       12.0%
RPK (Mill.)        2,837    20.2%       11,606       16.4%
Load factor        79.1%   3.4 pp       73.8%        2.8 pp
No. of passengers  2,003    4.9%        8,533         6.2%
(000)

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

Geographical      Mar24            Nov23
development,       vs.             -Mar24
schedule               Mar23         vs.
                                   Nov22
                                   -Mar23
                   RPK     ASK      RPK    ASK
Intercontinental  25.7%   19.3%    22.0%  16.5%
Europe/Intra      26.8%   19.6%    20.5%  15.2%
-Scandinavia
Domestic          -9.8%   -9.3%    -2.7%  -5.4%
[]
Preliminary yield and PASK  Mar24  Nominal change[1]  FX adjusted change
Yield, SEK                   1.00              -7.0%               -6.7%
PASK, SEK                    0.79              -2.6%               -2.3%

                                                                   Mar24
Punctuality (departure 15                                          84.9%
min)
Regularity                                                        98.7 %
Change in total CO2                                               20.1%
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