The SAS Group Traffic figures March 2008


The SAS Group Traffic figures March 2008

- SAS Group's March traffic figuresSAS Group's traffic increased by 1.4% during
March and seat capacity was up by 0.9% vs 2007.

- SAS Group carried 2.6 million passengers in March, down 5.5% vs 2007, due to
the Easter holiday.

- Total load factor was up 0.4 p.u. to 73.2%.

Growth and yield are negatively affected by the Easter holiday in March. Group
market trends and yield development SAS Group carried 2.6 million passengers in
March, which was down 5.5% vs 2007. During the Easter holiday capacity is
reduced on shorter routes, as business traffic is lower. Total capacity was up
0.9% and traffic increased 1.4% resulting in an improved load factor by 0.4 p.u.
to 73.2%. Yield for Scandinavian Airlines in February was down 5% in line with
earlier guidance. The combination of lower yield and higher oil prices is
negative for the earnings. For March 2008 the change in yield is expected to be
10%-15% below last year. The Easter holiday is affecting the yield negatively.
The SAS Group's strategy is to offset the record high fuel prices, but it has
become more challenging and SAS will come short of this in the 1st Quarter due
to the negative yield development. SAS is currently identifying and implementing
measures to handle this development.

The market is still characterized relatively by good demand and passenger
growth. There are still uncertainties regarding the strength of future economic
development as well as the competitive situation. The negative impact from the
Q400 situation is estimated to be around MSEK 400 for the 1st quarter 2008
before compensation.

Attachments

04072302.pdf