SAS Monthly Traffic and Capacity Data October 2001

1. October in brief Passenger traffic (RPK) showed an overall decrease of 9,3% in October 2001 vs. October 2000 and number of passengers decreased by 8,6%. Overall capacity (ASK) increased by 5,3% and passenger load factor decreased by 9,4 p.u to 58,7%. · Business Class traffic was down 15,9% and Economy Class was down 6,1%. 2. Severe impact from September 11 event and weaker economies The development in October is in line with the development after the September 11 event as experienced in September. The development has put severe pressure yields and revenues and it is not possible to foresee any improvements in this very difficult trading environment in the near term. If this trading environment continues it will result in a crisis in the industry even worse than the impact from the Gulf War in 1991. The most severe development can be noted on traffic/ to from the U.S. and U.K. where Business Class fell by approximately 40%. The routes to/ from Asia is holding up fairly well with passenger load factors above 80%. As a result of the worsened traffic development SAS announced significant cutbacks in capacity as from October 28, 2001. Overall capacity will be reduced by 12% and SAS also introduced other result improvement measures and price increases of 5% as from October 1, 2001 to offset the negative impact on network efficiency including increased security and insurance costs. Additional capacity adjustments including additional result improvement measures to be announced later today. SAS 3rd Quarter result will be announced today at approximately 12.00 a.m. TOTAL OCT01 OCT00 CHANGE JAN-OCT01 JAN-OCT00 CHANGE SYSTEM ASK (Mill.) 3 183 3 022 +5,3% 30 194 28 263 +6,8% RPK (Mill.) 1 868 2 059 -9,3% 19 726 19 214 +2,7% Passenger 58,7% 68,1% -9,4 p u 65,3% 68,0% -2,7 p u load factor C-class 30,0% 32,3% -2,4 p u 27,3% 28,6% -1,4 p u share (RPK) Total no. 1,966 2,151 -8,6% 19,729 19,645 +0,4% of passengers (Mill.) p u = percentage units PASSENGER OCT 01 vs. JAN-OCT 01 vs. TRAFFIC AND OCT 00 JAN-OCT 00 CAPACITY PER ROUTE AREA (CHANGE): Traffi Capaci Traffi Capaci c ty c ty (RPK) (ASK) (RPK) (ASK) Intercontinenta -12,1% 4,6% 2,2% 4,4% l Europe -6,9% 8,4% 4,9% 11,2% Intra- -5,9% 9,6% 2,6% 9,0% Scandinavian Denmark1) -9,8% 1,6% 0,8% 3,4% (domestic) Norway -9,4% -4,6% 0,6% -3,8% (domestic) Sweden -10,1% 3,0% -0,6% 7,2% (domestic) 1) Incl. Greenland ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/11/06/20011106BIT00050/bit0001.doc http://www.waymaker.net/bitonline/2001/11/06/20011106BIT00050/bit0001.pdf

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