More than one million passengers traveled with SAS in September

Customer demand has increased further and 1.1 million passengers flew with SAS
in September. This is an increase of almost 90% compared to the same month last
year. Capacity increased and was 74% higher compared with September last year.
The load factor for September ended at 54%, which was 17 percentage points
higher than the same month last year but is impacted by longhaul, which
currently is driven primarily by cargo operations.

"Travel restrictions are easing up and we instantly see higher demand. We are
very pleased we transported more than a million passengers for the third
consecutive month and we increase capacity accordingly. Uncertainty regarding
the pandemic and future demand remains. SAS has to stay agile and flexible to be
able to quickly respond to customers' willingness to travel," says Anko van der
Werff, President & CEO of SAS.

[][]
SAS scheduled traffic    Sep21  Change[1]  Nov20- Sep21  Change[1]
ASK (Mill.)              2,137    70.3%       14,216      -32.7%
RPK (Mill.)              1,127   151.4%       6,322       --50.6%
Passenger load factor    52.8%   17.0 pp      44.5%      -16.1 pp
No. of passengers (000)  1,102    85.3%       6,032       -48.5%

Geographical        Sep21            Nov20
development,         vs.             - Sep2
schedule                 Sep20       1   vs
                                     . Nov1
                                     9-Sep2
                                     0
                     RPK      ASK     RPK     ASK
Intercontinental    356.0%  136.9%   -77.0%  -37.1%

Europe/Intrascandi  273.4%  110.1%   -42.4%  -37.5%
navia
Domestic            30.0%    -0.5%   -31.5%  -18.6%

[][]
SAS charter traffic      Sep21  Change[1]  Nov20- Sep21  Change[1]
ASK (Mill.)               144    149.1%        527        -46.2%
RPK (Mill.)               108    136.2%        387        -54.1%
Load factor              75.1%   -4.1 pp      73.4%      -12.7 pp
No. of passengers (000)   46     133.6%        159        -44.2%
[][]
SAS total traffic  Sep21  Change[1]  Nov20- Sep21  Change[1]
(scheduled and
charter)
ASK (Mill.)        2,281    73.8%       14,743      -33.3%
RPK (Mill.)        1,236   150.0%       6,709       -50.8%
Load factor        54.2%   16.5 pp      45.5%      -16.2 pp
No. of passengers  1,148    86.9%       6,191       -48.4%
(000)

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

[]
Preliminary yield and PASK   Sep21  Nominal change[1]  FX adjusted change
Yield, SEK                    1.10             -12.5%              -12.9%
PASK, SEK                     0.58              29.1%               28.6%

                                                                    Sep21
Punctuality (arrival 15                                             88.1%
min)
Regularity                                                          98.4%
Change in total CO2                                               -47.4%
emissions, rolling 12
months
Change in CO2 emissions                                          -12.4%
per available seat
kilometer
Carbon offsetting of                                                  52%
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), rolling 12 months

Carbon offsetting of passenger related emissions - Share of SAS passenger
related carbon emissions compensated by SAS (EuroBonus members, youth tickets
and SAS' staff travel)

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 October 2021.