1.5 million passengers traveled with SAS in April

During April more than 1.5 million passengers traveled with SAS, an increase of
approximately 380% compared to the same month last year. SAS' capacity increased
at the same time by 190% compared with the same period last year. In comparison
with last month, the total number of passengers increased with 7% and capacity
was increased by 15%. The flown load factor for April was 71%, an improvement of
41 percentage points compared to April last year.

"We continue the ramp-up and see the highest number of passengers since March
2020. Looking forward, sales and booking trends are positive for the summer
period ahead. Traffic to and from Asia remains a challenge due to remaining
COVID-19 restrictions as well as the geopolitical situation, that impact the
recovery of far-Eastern traffic. We remain focused on building a competitive and
financially strong SAS, which will be achieved through the success of the SAS
FORWARD transformation plan", says Anko van der Werff, President & CEO of SAS.

[][]
SAS scheduled traffic    Apr22     Change[1]     Nov21- Apr22  Change[1]
ASK (Mill.)              2,794      184.1%          13,720      160.4%
RPK (Mill.)              1,980      561.4%          8,316       439.0%
Passenger load factor    70.9%          40.4 pp     60.6%       31.3 pp
No. of passengers (000)  1,526      378.2%          6,842       268.8%

Geographical        Apr22             Nov21-
development,          vs.             Apr22
schedule                 Apr21          vs.
                                      Nov20
                                      -Apr21
                      RPK      ASK      RPK      ASK
Intercontinental    1,732.3%  159.9%  1,254.7%  152.6%
Europe/Intrascandi   386.4%   363.9%   623.1%   349.0%
navia
Domestic             166.3%   52.6%    129.3%   38.8%
[][]
SAS charter traffic      Apr22  Change[1]  Nov21- Apr22  Change[1]
ASK (Mill.)               74    2,576.9%       658       1,816.1%
RPK (Mill.)               65    5,743.1%       526       3,849.5%
Load factor              87.6%   47.5 pp      79.9%       41.1 pp
No. of passengers (000)   19    6,626.3%       171       4,644.9%
[][]
SAS total traffic  Apr22  Change[1]  Nov21- Apr22  Change[1]
(scheduled and
charter)
ASK (Mill.)        2,868   190.8%       14,378      171.1%
RPK (Mill.)        2,045   580.5%       8,842       468.2%
Load factor        71.3%   40.8 pp      61.5%       32.1 pp
No. of passengers  1,545   383.8%       7,013       277.3%
(000)

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

[]
Preliminary yield and PASK   Apr22  Nominal change[1]  FX adjusted change
Yield, SEK                    1.03             -16.5%              -18.9%
PASK, SEK                     0.73              94.3%               88.9%

                                                                    Apr22
Punctuality (arrival 15                                             75.4%
min)
Regularity                                                          97.9%
Change in total CO2                                               125.9%
emissions
Change in CO2 emissions                                           -4.4%
per available seat
kilometer,
Carbon offsetting of                                                50.8%
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 6 May 2022.