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SAS Traffic figures – July 2020

SAS continues to resume flights to its destinations as demand returns and travel restrictions are easing. Compared to June, the number of passengers increased by nearly 300 thousand but showed a decrease of 2.5 million compared to same period last year. Domestic routes are showing the strongest recovery, whereas demand for Intercontinental and European travel remains weak.

”We continue to note a slow recovery of demand, in line with our expectations. As demand slowly returns, we are pleased to gradually ramp up our operations while ensuring a safe travel experience for our customers and employees,” says Rickard Gustafson, CEO SAS.

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SAS scheduled traffic Jul20 Change[1] Nov19-Jul20 Change[1]
ASK (Mill.) 1 308 -73.5% 18 575 -47.2%
RPK (Mill.) 662 -83.9% 11 746 -54.1%
Passenger load factor 50.6% -32.6 p u 63.2% -9.6 p u
No. of passengers (000) 699 -73.0% 10,429 -48.8%

Geographical Jul20            Nov19
development, vs. -Jul20 
schedule           Jul19    vs.   
Nov18
-Jul19
RPK ASK RPK ASK
Intercontinental -97.4% -87.1% -58.6% -50.6%
Europe/Intrascandi -84.7% -77.0% -56.3% -50.9%
navia
Domestic -39.0% -16.0% -37.7% -29.7%
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SAS charter traffic Jul20 Change[1] Nov19-Jul20 Change[1]
ASK (Mill.) 18 -97.4% 867 -66.5%
RPK (Mill.) 14 -97.8% 754 -68.0%
Load factor 81.9% -12.5 p u 87.0% -3.9 p u
No. of passengers (000) 6 -97.7% 248 -71.0%
[][]
SAS total traffic Jul20 Change[1] Nov19-Jul20 Change[1]
(scheduled and
charter)
ASK (Mill.) 1 326 -76.4% 19 442 -48.5%
RPK (Mill.) 676 -85.8% 12 500 -55.3%
Load factor 51.0% -33.6 p u 64.3% -9.8 p u
No. of passengers 705 -75.2% 10,676 -49.7%
(000)

[1] Change compared to same period last year. p u = percentage units

\\
Preliminary yield and PASK Jul20 Nominal change FX adjusted change
Yield, SEK 1.10 27.6% 32.3%
PASK, SEK 0.56 -22.5% -19,6%

Jul20
Punctuality (arrival 15 95.7%
min)
Regularity 99.4%
Change in total CO2 -36.1%
emissions, rolling 12
months
Change in CO2 emissions -3.5%
per available seat
kilometer
Carbon offsetting of 39%
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

Michel Fischier, VP Investor Relations, +46 70 997 06 73

SAS, Scandinavia’s leading airline, flies 30 million passengers to, from and within Scandinavia each year. The airline has three main hubs – Copenhagen, Oslo and Stockholm – with more than 125 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, for example by using more sustainable aviation fuel and our modern 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 Alliance™, and together with its partner airlines offers around 19,000 daily flights to over 1,300 destinations 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 Michel Fischier at 11:00 a.m. CEST on 7 August 2020.