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The SAS Group Traffic figures - October 2003

November 10, 2003 11:00

The SAS Group Traffic figures
October 2003

The SAS Group
· Total passenger traffic (RPK) increased by 0,1% vs 2002.
· The SAS Group transported a total of 2,9 million passengers in
October 2003 vs 3,0 million in 2002, a decrease of 5,3%.
· Overall group passenger load factor decreased by 1,7 p.u to 64,8%
for October 2003 vs. 2002.

Market trends and yield development
The traffic development in October showed a small increase, but
continued pressure on passenger yields across all airlines in
the Group. Overall passenger load factor decreased 1,7 p.u. and
passenger traffic increased by 0,1% during October.
In general, growth has improved slightly on European routes, but
the domestic and Intrascandinavian markets are still weak.
Braathens traffic increased in October driven by the positive
development on international routes. Spanair’s traffic improved
in October with load factors up 1,5 p.u. vs. 2002 with reduced
yields .

A slightly reduced overall yield reduction was expected for
September compared with August and the outcome showed yields
down 13,5% month by month and 12,7% for the period Jan- Sep.
Yields on the European routes were down approx 20% in September
(European yields are also affected by the introduction of the
new low fare initiative Snowflake with 10-11 p.u. effect on
European yields).

The overall yield development in September and indications for
October shows continued pressure on yields. Price cuts were
introduced in Scandinavia as from October 26. These are expected
to reduce yields further as from November by approx. 2-3% vs
2002. The restructuring plan “Turnaround 2005” is under
implementation to secure a sustained profitability level in a
lower yield environment. Due to the situation with continued
yield pressure, the outlook remains cautious.

The SAS Group will release its 3rd Quarter result on November 11
at 08.00 CET.

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

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