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SAS Group December traffic figures

January 9, 2008 11:00

• SAS Group’s traffic increased by 2.9% in December and seat capacity was up by 3.3% vs 2006.
• SAS Group carried 2.7 million passengers in December, up 0.3% vs 2006.
• Total load factor was down 0.3 p.u. to 65.8%.

Group market trends and yield development
SAS Group carried 2.7 million passengers in December, up for the 33rd consecutive month. The Q400 has been almost fully replaced by leased in aircraft with larger seat capacity, which had a negative impact on the load factor in Denmark and Sweden.
Yield for Scandinavian Airlines in November was up 1.1%, vs last year. The yield is positively affected by good capacity control, active yield management and positive effects from the new commercial initiatives. For December 2007 the change is expected to be broadly in line with the change for November.

The market is characterized by good demand and passenger growth, but the Q400 replacement leases are affecting the Group’s load factor negatively. It is becoming more challenging to compensate the record high jet fuel prices, but the SAS Group continued strategy is to compensate it by yield management, hedging and cost initiatives. There are still uncertainties regarding the strength of future growth as well as the competitive situation.

Intercontinental traffic increased 2.3% in December and the load factor was up 1.3 p.u. SAS Group European traffic increased by 3.9% with a slightly lower load factor.
airBaltic’s traffic increased by strong 36.2% and with significantly improved load factor. Spanair grew by 1.4%. Widerøe’s traffic was in line with last year with improved load factor. Blue1’s traffic was down 14.7%.
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

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