SAS Group's October traffic figures

• SAS Group’s traffic decreased by 8.8% during October and seat capacity was down 3.8% vs 2007.
• SAS Group carried 3.2 million passengers in September, down 11.5% vs 2007.
• Total passenger load factor was down by 3.7 p.u. to 69.0%.

Group market trends and yield development
Yield for Scandinavian Airlines in September was up by 6.9%, somewhat higher than indicated last month. For October 2008, the change in yield is expected to be positive versus last year, but somewhat less positive than in September.

The market is now characterized by lower demand due to weaker macroeconomic development in Scandinavia and Europe. The challenges within the credit market will most likely result in an even more difficult macroeconomic environment. Due to a more stable lower oil price SAS has been reducing surcharges. The SAS Group is currently implementing measures – Profit 2008 – to secure the result development in 2008. The measures comprises both revenue enhancing and cost measures totaling 1,5 SEK billion. Capacity reductions of 10% as announced earlier aregradually taking effect. The program is running according to set out plan.

SAS Scandinavian Airlines
• Traffic decreased by 2.9% in October
• The load factor decreased by 4.1 p.u to 70.6%.

Scandinavian Airlines International’s total intercontinental traffic was down by 0.4 % vs last year and capacity was in up 2.5%. Traffic on Asian routes was down 5% and up 3% on USA routes. The total passenger load factor was 83.7%, down 2.4 p.u.

For further information Please contact

VP,Head of SAS Group Investor Relations
Sture Stølen
+ 46 8 797 1451
sture.stolen@sas.se

Homepage: www.sasgroup.net