The SAS Group Traffic figures November 2010

The SAS Group Traffic figures November 2010

SAS Group's November 2010 traffic figures

• SAS Group's traffic (RPK) increased by 11.3% during November and
capacity (ASK) increased 6.9% vs same period  2009.

• The passenger load factor improved by 2.8 p.u.to 70.0%.

• SAS Group carried  2.2 million passengers in November, up 7.8% vs.
same period in 2009.

 

Group market trends, RASK and yield development

The currency adjusted yield for Scandinavian Airlines in October 2010
was down 4.3%, but was more than offset by improved load factor
resulting in an increased RASK of 1.5%. The yield and RASK in November
is expected to continue the trend with relatively flat RASK development
but continued yield pressure.

The market continues to improve but is still unpredictable particularly
regarding the yield development due to overcapacity on certain markets,
but due to improved load factors RASK has been relatively stable. A
recovery has been noted on both intercontinental and certain short haul
Business routes. Scandinavian Airlines is continuously improving its
premium product and a noticeable increase in customer satisfaction has
been achieved. The implementation of the cost saving program is on
track.

Capacity is planned to increase further in December and be approximately
4-6% higher in 2011 than 2010 for Scandinavian Airlines.

 

SAS Group product and news update

• Check-in using Internet, SMS- or Mobile Site check-in was 41.3% in
October for Scandinavian Airlines operated flights, a new all time high.

• SAS entered into a code-share agreement with Singapore Airlines in
December 1 and added its SK prefix on Singapore Airlines'
Copenhagen-Singapore and Singapore-Bangkok routes, while the SQ prefix
will be added onto SAS' flights from Copenhagen to Helsinki, Oslo and
Stockholm.

Scandinavian Airlines' traffic development

• Number of passengers increased by 6.7% to 1.9 million.

• Traffic increased 11% and capacity was up 5.1%.

• The load factor was up by 3.8 p.u.to 71.7%.

The intercontinental traffic grew by 18.2% in November and capacity
increased by 13.7% resulting in an improved load factor of 3.1 p.u. to
81.7%. On European routes, traffic was up 6.7% in combination with
stronger load factors. Traffic on intrascandinavian routes responded
well to the increased capacity and grew by 12.5%. Danish domestic
traffic decreased 7.4%, but load factors improved. Norwegian domestic
traffic increased 4.5% with a 5.6 p.u. improvement in the load factor
albeit fierce competition. Swedish domestic traffic increased by 13.4%
with improved load factor.

 

Widerøe and Blue1's traffic development

Widerøe carried 210.000 passengers in November, up 16.5%. The capacity
increased with 16,7% compared to last year. The growth in capacity and
number of passengers is mainly driven by Widerøe taking over SAS' Fokker
50 routes in western Norway. The overall load factor decreased 0.8p.u.
to 59,2%.

Blue1's traffic increased by 14.3% during November and number of
passengers was up 11.8%. The capacity was increased on domestic routes
and traffic was up 30%. On European routes the traffic increased by 32%
due to new destinations and additional frequencies. Total capacity was
increased by 30.6%. As not all capacity was absorbed by increased
demand, the load factor fell 7.6 p.u. to 53.7%.

 

For detailed information, see attached document.

For questions, please contact Head of SAS Group Investor Relations Sture
Stølen
+ 46 8 797 1451

sture.stolen@sas.se
Homepage: www.sasgroup.net