SAS traffic figures May 2015

• SAS carried a total of 2.4 million passengers in May.
• The total traffic (RPK) decreased by 8.7%.
• The total capacity (ASK) was reduced by 4.4%.
• The total load factor decreased by 3.4 p.u. to 73.6%.
• The currency adjusted yield and PASK were up 13.6% and 0.6% respectively in
April. The nominal yield and PASK were up 18.7% and 5.1% respectively.
Market trends

Market conditions in Scandinavia have temporarily stabilized and the balance
between capacity and demand has improved in comparison with 2014. SAS summer
program has been well received with incoming bookings at expected levels.
However, the competition remains very intensive in certain markets.

PASK and yield development

In April 2015, SAS’ currency adjusted yield and PASK were up 13.6% and 0.6%
respectively as expected. The nominal yield and PASK were up 18.7% and 5.1%
respectively. In May 2015 the change in the currency adjusted yield vs. last
year is expected to be single digit positive, and the change in the currency
adjusted PASK vs. last year is expected to be close to unchanged.

SAS scheduled traffic development in May

SAS traffic development in May 2015 is an outcome of the reduced capacity by
2.7%, more active yield management, uncertainties relating to industrial actions
and shall also be set in relation to the strong traffic growth, very high
passenger load factor and weak yield last year. In total 147 flights were
cancelled in May 2015 due to industrial actions. Booking levels have normalized
after the completion of new modern pilot collective bargain agreements.

Traffic during May decreased 7.3%, which resulted in a decline in the load
factor of 3.6 p.u. to 72.2%. SAS intercontinental capacity was decreased by 9.3%
and the traffic was down 9.6%. SAS traffic on European/Intrascandinavian routes
decreased 6.8% from high levels last year. Domestic traffic was down 4.2% and
capacity was down 2.4%.