SAS traffic figures - November 2013

• The total traffic (RPK) decreased by 0.9%.
• SAS total capacity (ASK) was up by 3.2%
• The SAS load factor decreased by 2.8 p.u. to 68.0%.
• SAS carried 2.2 million passengers in November, down 2.0% vs last year.
• The yield and PASK were down 1.8% and 4.8% respectively in OctoberMarket trends, RASK and yield development

Overall, the growth in the market has decreased since July with weakening demand and yield combined with intensified competition and over capacity on certain routes. Total market capacity has during the autumn 2013 increased by more than 10% in the Nordic region. Demand is strongest on intercontinental routes and relatively stable on routes within Scandinavia, while weaker on European routes. In this market environment, SAS has focused on defending its yield.

Currency adjusted yield in October 2013 was down 1,8% and PASK* was down 4,8% versus previous year, weak as expected. In November 2013, the change in yield and PASK vs. last year will continue to be negative.

The scheduled capacity increase for the financial year 2013/14 is expected to be up approximately 3-4%.

Scandinavian Airlines scheduled traffic development

SAS continued to grew its capacity to, from and within the Norwegian and Swedish markets in November resulting in a growth in customer numbers by 2% in those markets.

Intercontinental capacity was increased 6.7% due to the expansion on USA routes. The intercontinental traffic increased 0.7%. On European/ Intrascandinavian routes, capacity increased 0.3% while traffic decreased 3.7%. On domestic routes, traffic was down 1.9 and 0.5% if adjusted for the closure of Finnish domestic routes.