The SAS Group Traffic figures

SAS Group's May 2011 traffic figures

• SAS Group's traffic (RPK) increased by 7% during May and capacity (ASK) increased 10.2% vs same period.

• The passenger load factor decreased by 2.2 p.u. to 73.4%.

• SAS Group carried 2.6 million passengers in May, up 13.5%.

Group market trends, RASK and yield development

During April 2011, currency adjusted RASK was up 6.1% and yield was down 0.7%, due to weak comparable figures. The development is in line with guidance. For May 2011, passenger yield and RASK (change vs last year) are expected to be similar to April with a stable yield and slightly positive RASK – RASK will be positively affected by cargo and other traffic related revenues but negatively affected by the weaker load factor.

The market remains unpredictable, particularly RASK development due to overcapacity in certain markets and high jet fuel prices. Scandinavian Airlines is continuously improving its customer offering and improvements in customer satisfaction have been achieved. The implementation of the cost saving program is on track.