Estimated earnings impact of MSEK 50-90 per day from the disruptions in air traffic due to the volcanic ashes

Estimated earnings impact of MSEK 50-90 per day from the disruptions in

air traffic due to the volcanic ashes

- Total estimated earnings effect up to and including Sunday, April 18,

of MSEK 220-280

The Scandinavian airspace has been closed or partly closed as from

Thursday April 15 due to the volcanic ashes from the Eyjafjallajökull

volcano in Iceland. As a consequence, SAS cancelled the majority of its

flights as from Thursday afternoon, April 15. Parts of the Scandinavian

airspace is still closed and a majority of SAS flights are cancelled

also on Monday April 19. The situation in rest of Northern Europe is

similar and represents a major hit to the entire aviation industry.

SAS has estimated the negative effects on earnings to MSEK 50-90 per

day, assuming that all flights are cancelled. The impact is lowest on

weekends and highest on busy travel days such as Mondays and Thursdays.

As a result, the total earnings impact up to and including Sunday, April

19 is estimated to approximately MSEK 220-280. The estimate includes

extra reimbursements to our customers such as hotel accommodation

expenses and costs for alternative transportation.

"With safety as the number one priority, we are working closely together

with other major European airlines and the aviation authorities to find

a solution to resume operations. We regret the situation and the

consequences for our customers and SAS does its utmost to help them in a

difficult situation", says Mats Jansson, CEO and President.

For further information, please contact

Press duty telephone: +46 8 797 2944

SAS discloses this information pursuant to the Swedish Securities Market

Act and/or the Swedish Financial Instruments Trading Act. The

information was provided for publication on April 19, 2010, at 1.15pm

CET

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