The SAS Group Traffic figures October 2005

Continued record load factors in October

• SAS Group load factor for October was 70,3% up 5,1 p.u. vs 2004.
• Total passenger traffic (RPK) increased by 8,5% in October 2005 vs 2004.
• The SAS Group transported 3,3 million passengers in October 2005, an increase of 12,0%.
• Scandinavian Airlines Businesses’ load factor in October was 72,9% up 7,4 p.u. vs last year.

Group market trends and yield development
Group total traffic volumes (RPK) developed well in October with an increase of 8,5%. Capacity (ASK) increased by 0,6% resulting in improved load factor of 5,1 p.u. to 70,3%.

As from September 1st Scandinavian Airlines and Blue 1 has introduced new Business Models with one-way fares and simplified rules on European and Intrascandinavian routes.
The expected yield drop to be offset by improved passenger load factor seems on track.
Yields for September came out better than indicated last month with a decrease of 1,9% compared with 2004.
Yield (change) for Scandinavian Airlines for October is expected to be somewhat weaker than September as the impact from one-way will be higher in October.

Some signs of reduced capacity in the marketplace have emerged, but overall and due to the situation with continued overcapacity and the competitive situation with price pressure in many markets the overall outlook remains cautious.

Intercontinental traffic was down 1,4% in October.
SAS Group European traffic increased by 16,5% and passenger load factor increased by 7,0 p.u.. Traffic on Swedish domestic routes continued to develop well and load factor increased by 12,5 p.u. to 66,0%. Blue 1 in Finland continued with strong growth with an increase in traffic of 25,0%. Blue1’s passenger load factor improved by 11,0 p.u. to 64,2%. Spanair’s traffic was up 14,2% but load factor was down 1,4 p.u. to 65,6%.

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