SAS Traffic figures - May 2020

The total number of passengers fell by nearly 94% compared to last year as a result of the ongoing COVID-19 pandemic. During June, SAS will double its capacity to 30 aircraft as travel restrictions are being eased.

“May was the second consecutive month with most of our fleet being grounded as a result of the COVID19 pandemic and imposed travel restrictions. The negative impact is reflected in our total traffic figures, showing a 96% capacity reduction and a 94% drop in number of passengers compared to last year.

Countries are gradually opening up and we expect that demand will start to re-build slowly from the current low levels. In June, we have started to ramp-up production from 15 aircraft in service to 30, mainly serving domestic and Nordic destinations.

We look forward to re-building our network as travel restrictions are lifted and once again having the pleasure of welcoming our passengers onboard,” says Rickard Gustafson, CEO SAS.

SAS scheduled traffic May20 Change1 Nov19-May20 Change1
ASK (Mill.) 176 -95.7% 16 841 -35.1%
RPK (Mill.) 98 -96.6% 10 861 -39.7%
Passenger load factor 55.7% -15.6 p.p. 64.5% -4.9 p.p.
No. of passengers (000) 158 -93,4% 9,401 -37.4%
Geographical development, schedule May20            vs.           May19 Nov19-May20    vs.    Nov18-May19
RPK ASK RPK ASK
Intercontinental -100.0% -100.0% -43.2% -37.2%
Europe/Intrascandinavia -98.5% -97.5% -39.8% -37.0%
Domestic -83.7% -82.6% -31.7% -26.2%
SAS charter traffic May20 Change1 Nov19-May20 Change1
ASK (Mill.) 0 -100.0% 848 -36.2%
RPK (Mill.) 0 -100.0% 739 -37.7%
Load factor n/a n/a 87.2% -2.0 p.p.
No. of passengers (000) 0 -100,0% 242 -39.4%
SAS total traffic (scheduled and charter) May20 Change1 Nov19-May20 Change1
ASK (Mill.) 176 -96.0% 17 689 -35.1%
RPK (Mill.) 98 -96.9% 11 601 -39.5%
Load factor 55.7% -16.5 p.p. 65.6% -4.8 p.p.
No. of passengers (000) 158 -93.7% 9,643 -37.5%

1 Change compared to same period last year. p.p. = percentage points

Preliminary yield and PASK May20 Nominal change FX adjusted change
Yield, SEK 1.98 +93.2% +99.1%
PASK, SEK 1.10 +50.9% +55.4%
May20
Punctuality (arrival 15 min) 95.3%
Regularity 99.2%
Change in total CO2 emissions, rolling 12 months -19,8%
Change in CO2 emissions per available seat kilometer -3,2%
Carbon offsetting of passenger related emissions 24%

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 2030, compared to 2005.

For further information. please contact:

SAS press office. +46 8 797 2944

Michel Fischier. VP Investor Relations. +46 70 997 0673

SAS, Scandinavia’s leading airline, carries 30 million passengers annually to, from and within Scandinavia. The airline connects three main hubs – Copenhagen, Oslo and Stockholm - with over 125 destinations in Europe, the US and Asia. Spurred by a Scandinavian heritage and sustainable values, SAS aims to reduce total carbon emissions by 25% and operate with biofuel equivalent to equal the total consumption of fuel used to operate all domestic SAS flights, by 2030. In addition to airline operations, SAS offers ground handling services. technical maintenance and air cargo services. SAS is a founding member of Star Alliance™ and together with partner airlines offers almost 19,000 daily flights to more than 1,300 destinations around the world. 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 5 June 2020.

About Us

SAS, Scandinavia’s leading airline, carries more than 30 million passengers annually to, from and within Scandinavia. The airline connects three main hubs - Copenhagen, Oslo and Stockholm - with 125 destinations in Europe, the US and Asia. Spurred by a Scandinavian heritage and sustainable values, SAS will reduce total carbon emissions by 25 percent and operate with biofuel equivalent to equal the total consumption of fuel used to operate all domestic SAS flights, by 2030. In addition to airline operations, SAS offers ground handling services, technical maintenance and air cargo services. SAS is a founding member of Star Alliance™ and together with partner airlines offers almost 19,000 daily flights to more than 1,300 destinations around the world.

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