SAS Group's April traffic figures

· SAS Group’s traffic increased by 17.4% during April and seat capacity was up by 22.1% vs 2007.
· SAS Group carried 2.9 million passengers in April, up 17.9% vs 2007.
· Total load factor was down 2.8 p.u. to 69.1%.

Group market trends and yield development

Yield for Scandinavian Airlines in March was down 10.8%. For April 2008 the change in yield is expected to be positive by approximately 5% vs last year, positively affected by the Easter holiday occurring in March this year. Average March/ April yield is expected to be down by approximately 5% The SAS Group is currently implementing measures – Profit 2008 – to secure the result development in 2008 in light of the record high fuel prices. The measures comprises both revenue enhancing and cost measures totaling 1,1 SEK billion.

As part of these measures SAS has now introduced fuel surcharges on short and medium haul routes.

In addition the Group will take 11 aircraft out of service from the autumn 2008. The program is running according to set out plan.

The market is still characterized relatively by good demand and passenger growth. There are still uncertainties regarding the future macroeconomic development as well as the competitive situation.

Intercontinental traffic increased strongly by 17.8% in April and the load factor was up 6.2 p.u. SAS Group European traffic increased by 16.9% and load factor was down 5.6 p.u. Widerøe’s traffic increased by 21% with increased load factor. airBaltic and Blue1’s traffic increased by 18.8% and 2.1% respectively but with lower load factors.