SAS Group traffic figures - October 2010

SAS Group’s October 2010 traffic figures
• SAS Group’s traffic (RPK) increased by 8.2% during October and capacity (ASK) was increased 6.5% vs same period in 2009.
• The load factor improved by 1.2 p.u.to a record for October of 75.5%.
• SAS Group carried 2.5 million passengers in October, up 6.8% vs. same period in 2009.

Group market trends, RASK and yield development
In September, improved load factor fully offset the yield fall of 5.0% resulting in a flat passenger RASK development. The yield and RASK in October 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. A recovery has been noted on both intercontinental routes and certain short haul Business routes. SAS has as a result initiated yield enhancing measures to offset the negative yield development. The implementation of the cost saving program is on track.

Capacity growth is planned to increase further in the last two months of 2010 vs. 2009 and be approximately 4-6% in 2011 vs. 2010 for Scandinavian Airlines.

 SAS Group Investor Relations