1.4 million passengers traveled with SAS in March

During March more than 1.4 million passengers traveled with SAS, an increase of
360% compared to the same month last year. SAS' capacity increased at the same
time by approximately 190% compared with the same period last year. In
comparison with last month, the total number of passengers increased with more
than 50% and capacity was increased by 30%. The flown load factor for March was
69%, an improvement of 38 percentage points compared to March last year.

"The passenger numbers this month are the highest since the pandemic hit in
March 2020. The ramp-up continues and we are increasing our capacity toward the
summer peak season, also on the back of improved sales trends. We have added
flights and destinations to the Mediterranean as well as to North America, that
will be operated with our new, fuel efficient A321LR aircraft. At the same time,
the need for transformation of our company remains and we continue with the SAS
FORWARD plan, to secure a competitive and financially strong SAS for the future"
says Anko van der Werff, President & CEO of SAS.

[][]
SAS scheduled traffic    Mar22    Change[1]     Nov21- Mar22  Change[1]
ASK (Mill.)              2,359      172.9%         10,926      155.0%
RPK (Mill.)              1,597      500.8%         6,335       409.5%
Passenger load factor    67.7%          37.0pp     58.0%       29.0 pp
No. of passengers (000)  1,398      346.8%         5,316       246.1%

Geographical        Mar22             Nov21-
development,          vs.             Mar22
schedule                 Mar21          vs.
                                      Nov20
                                      -Mar21
                      RPK      ASK      RPK      ASK
Intercontinental    1,603.1%  125.6%  1,142.4%  150.9%
Europe/Intrascandi   762.9%   442.2%   604.9%   345.0%
navia
Domestic             155.9%   57.0%    121.5%   36.1%
[][]
SAS charter traffic      Mar22  Change[1]  Nov21- Mar22  Change[1]
ASK (Mill.)               128   2,210.3%       585       1,749.8%
RPK (Mill.)               113   4,898.7%       461       3,677.9%
Load factor              88.3%   47.5 pp      78.9%       40.3 pp
No. of passengers (000)   42    6,982.1%       152       4,472.3%
[][]
SAS total traffic  Mar22  Change[1]  Nov21- Mar22  Change[1]
(scheduled and
charter)
ASK (Mill.)        2,487   185.8%       11,510      166.6%
RPK (Mill.)        1,710   537.9%       6,797       441.3%
Load factor        68.8%   38.0 pp      59.0%       30.0 pp
No. of passengers  1,440   359.3%       5,467       255.2%
(000)

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

[]
Preliminary yield and PASK   Mar22  Nominal change[1]  FX adjusted change
Yield, SEK                    1.07             -16.8%              -21.9%
PASK, SEK                     0.73              83.2%               71.9%

                                                                    Mar22
Punctuality (arrival 15                                             84.4%
min)
Regularity                                                          98.6%
Change in total CO2                                               122.3%
emissions
Change in CO2 emissions                                           -5.8%
per available seat
kilometer,
Carbon offsetting of                                                53.1%
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 7 April 2022.