SAS Group's February 2011 traffic figures

SAS Group's February 2011 traffic figures

• SAS Group's traffic (RPK) increased by 5.3% during February and
capacity (ASK) increased 5.9% vs same period 2010.

• The passenger load factor decreased by 0.4 p.u. to 66.5%.

• SAS Group carried 2.0 million passengers in February, up 6.4%.

Group market trends, RASK and yield development

During January 2011, currency adjusted RASK was down 1.1% as cargo
continued to perform well. The currency adjusted yield in January was
down 1.9%. The improvement compared with previous months reflects a
positive mix. For February 2011, passenger yield (change vs last year)
and RASK are expected to be in line with January outcome.  On 22
February, fuel surcharges were raised between EUR 3-5 on domestic and
international routes.

The market remains unpredictable particularly yield development due to
overcapacity in certain markets. A recovery has been noted on Asian
routes, domestic and Intrascandinavian 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.