The SAS Group Traffic figures - February 2004

The SAS Group Traffic figures February 2004 Significantly increased traffic in February · Total passenger traffic (RPK) increased by 10,1% in February 2004 vs 2003. · The SAS Group transported a total of 2,3 million passengers in February 2004 vs 2,2 million in 2003, an increase of 5,8%. · Overall group passenger load factor increased by 0,1 p.u to 59,1% for February 2004 vs. 2003. · Yields for Scandinavian Airlines in January were down 17,9% month by month. Market trends and yield development February group total traffic volumes developed positively with a traffic growth of 10,1% and slightly improved passenger load factor. A part of traffic increase (approx 3 p.u.) is explained by the 29th day in February (as 2004 is a leap year). It must also be noted that 2003 comparative numbers are weak and this also explains parts of the increase. Added is that indications for yields in February shows continued strong pressure and yield reductions only slightly less than experienced in January. In general, growth has improved on European and intercontinental routes. Domestic and Intrascandinavian markets are still characterized by weak demand and increased competition. Spanair's traffic increased in February with 22,4% with almost flat load factor. In February appr. 50.000 passengers took advantage of an special offer on Spanish domestic routes. Braathens' traffic increased in February driven by the positive development on international routes. Yields in January were very weak as indicated in the January traffic report. Price cuts of up to 30%, negative mix and general high numbers of low price offers explains this development. Yield indications for Scandinavian Airlines in February is still somewhat worrying, but it is still too early to indicate if this is part of a general trend for 2004. The restructuring plan "Turnaround 2005", is proceeding according to plan in order to secure a sustained profitability level in a lower yield environment. Negotiation are ongoing to secure the remaining SEK 2 billion of Turnaround 2005. Improvements in general demand can be noted but due to the situation with continued yield pressure, the outlook remains cautious. For further information Please contact Head of SAS Group Investor Relations Sture Stølen + 46 8 797 1451 Homepage: ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: The full report The full report