SAS Group traffic figures March 2007

• SAS Group carried 3,5 million passengers in March, up 6,5% vs 2006.
• Total load factor increased 1,8 p.u. to 71,4% in March.
• SAS Group capacity increased by 3,0% in March and traffic increased 5,7% vs 2006.

Group market trends and yield development
SAS Group traffic increased 5,7% during March and the number of passengers was up 6,5%. Capacity was up 3,0% and passenger load factor increased 1,8 p.u. to 71,4%.

Yield for Scandinavian Airlines in February was up 15% as indicated. The yield is positively affected by good capacity control, easier comparable figures and active yield management. In March 2007 yield is expected to be positive vs last year but the increase is expected to be lower than in February.
There are currently no indications of a slowdown of the business cycle or the air travel market. The total market growth is good and yield environment has improved due to favorable demand. There are still uncertainties regarding the strength of future growth as well as the competitive situation and development of jet fuel prices.