SAS traffic figures - November 2013

• The total traffic (RPK) decreased by 0.9%.
• SAS total capacity (ASK) was up by 3.2%
• The SAS load factor decreased by 2.8 p.u. to 68.0%.
• SAS carried 2.2 million passengers in November, down 2.0% vs last year.
• The yield and PASK were down 1.8% and 4.8% respectively in October
Market trends, RASK and yield development
Overall, the growth in the market has decreased since July with weakening demand
and yield combined with intensified competition and over capacity on certain
routes. Total market capacity has during the autumn 2013 increased by more than
10% in the Nordic region. Demand is strongest on intercontinental routes and
relatively stable on routes within Scandinavia, while weaker on European routes.
In this market environment, SAS has focused on defending its yield.

Currency adjusted yield in October 2013 was down 1,8% and PASK* was down 4,8%
versus previous year, weak as expected. In November 2013, the change in yield
and PASK vs. last year will continue to be negative.

The scheduled capacity increase for the financial year 2013/14 is expected to be
up approximately 3-4%.

Scandinavian Airlines scheduled traffic development
SAS continued to grew its capacity to, from and within the Norwegian and Swedish
markets in November resulting in a growth in customer numbers by 2% in those
markets.

Intercontinental capacity was increased 6.7% due to the expansion on USA routes.
The intercontinental traffic increased 0.7%. On European/ Intrascandinavian
routes, capacity increased 0.3% while traffic decreased 3.7%. On domestic
routes, traffic was down 1.9 and 0.5% if adjusted for the closure of Finnish
domestic routes.