SAS Group Traffic figures - April 2004

The SAS Group Traffic figures April 2004 Traffic continues to improve · Total passenger traffic (RPK) increased by 16,1% in April 2004 vs 2003. · The SAS Group transported a total of 2,8 million passengers in April 2004 vs 2,6 million in 2003, an increase of 7,7%. · Overall group passenger load factor improved by 4,4 p.u to 64,9% for April 2004 vs. 2003. Market trends and yield development April group total traffic volumes developed positively with a traffic growth of 16,1% and improved passenger load factor. It must be noted that last years numbers were weak due to SARS and the Iraq situation, but even adjusted for this the traffic volumes for the group developed well. On the contrary, yields are still weak and yields for Scandinavian Airlines for March was down 12,1%. Yields for April will be reported next month, but indications show continued pressure also due to a large one off effect from weak intercontinental traffic for the reason mentioned above. In general, growth has improved significantly on European and intercontinental routes. In April even Intrascandinavian traffic improved in a market characterized by weak demand and increased competition. Scandinavian Airlines was Scandinavia's largest provider of low fare tickets in 2003 and this will continue further in 2004 as Turnaournd 2005 forms a platform for profitable growth. Spanair's traffic increased in April by 17,4%, but with reduced load factor. Braathens' traffic increased 2,6% in April. As previously reported, yields in January and February were very weak and March showed some stabilization. Yield indications for Scandinavian Airlines in April show increased pressure compared with March, but the percentual decrease compared with 2003 is expected to be less than February adjusted for one off effects. The restructuring plan "Turnaround 2005", is proceeding according to plan in order to secure a sustained profitability level in a lower yield environment. Improvements in general demand and good traffic growth can be noted but due to the situation with continued yield pressure, the outlook remains cautious. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/05/10/20040510BIT00290/wkr0001.doc The full report http://www.waymaker.net/bitonline/2004/05/10/20040510BIT00290/wkr0002.pdf The full report