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SAS: Traffic traffic figures - April 2016

· Scheduled traffic (RPK) increased 9.2% and the capacity (ASK) was up

· The scheduled load factor was unchanged at 69.6%.
· SAS carried 2.3 million scheduled passengers in April, up 5.4%.
· The preliminary currency adjusted yield and PASK were both down 7%
in April 2016. The nominal yield and PASK were both down 11% in April

Market development
Demand has been positive in Scandinavia in the beginning of 2016.
Overall market capacity has increased about 7% in 2016, with the
strongest growth on primarily international routes. The market
capacity growth is expected to slow down slightly during the summer
program. Demand for European leisure routes, long haul traffic and
domestic routes continue to grow. Due to the capacity growth in the
market and lower jet fuel prices, the PASK has declined somewhat more
than anticipated during February-April. In response, SAS has
increased the level of sales activities which gradually has improved
the load factor and PASK trend during the quarter.

SAS is increasing its intercontinental capacity by about 25% during
fiscal year 2015/2016 through new routes and frequencies. Also, until
April 2016 larger aircraft have replaced phased out Boeing 717
primarily in Sweden, which has affected the load factor negatively.
Overall, this has resulted in a longer average stage length with
subsequent effect on the yield/PASK and will contribute to an
expected scheduled capacity growth of 10% during 2015/2016. Number of
flights is at the same time expected to increase by about 1%.

SAS scheduled traffic development in April
SAS increased its scheduled capacity in April by 9.1%. The traffic
increased by 9.2%. The overall load factor was in line with last year
at 69.6%. The load factor was negatively affected by the timing of
Easter but improved throughout April.

SAS intercontinental traffic increased 31.4% and the capacity was up
37.7%. The response to SAS refreshed long haul cabin has been strong
and traffic in Business Class increased during the month by more than
50%. Within Europe/ Intrascandinavia, SAS decreased its capacity by
5.8%, but traffic was only down 5.0%. Capacity on the domestic routes
was increased by 8.4%, primarily due to the different timing of
Easter between 2016 and 2015. Demand responded well and was up 8.4%.


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