SAS — Earnings Release 2010

May 7, 2010

The SAS Group Traffic figures April 2010

The SAS Group Traffic figures April 2010

SAS Group's April 2010 traffic figures

. The traffic development in April was significantly affected by the

closure of major parts of the European airspace during almost one week

in April due to the volcanic ashes.

. Adjusted for the closure of the traffic, the underlying development in

April showed a small growth in passenger numbers, a close to stable

traffic development and reduced capacity by approximately 9%.

. SAS Group's traffic (RPK) decreased by 24.3% during April and seat

capacity (ASK) was down 21.2% vs same period in 2009.

. SAS Group carried 1.6 million passengers in April, down 28.1% vs. same

period in 2009.

. Passenger load factor was 69.6%, down 2.9 p.u. The negative effect

from the ash cloud is estimated to 9 p.u.

Group market trends and yield development

The currency adjusted yield for Scandinavian Airlines in March 2010 was

down by 10.1% but RASK was up 3.1% due to the improvement of the load

factor. The yield outlook for April is more uncertain due to the closure

of the airspace following the volcanic ashes in Iceland. However, the

change in yield is expected to be negative. The effect from the volcanic

ashes has affected bookings also for May and June, but it is too early

to assess the effects on traffic. Bookings are now almost back to normal

levels. The market continues to be unpredictable and the uncertainty

regarding the timing of a recovery is considerable.

SAS estimates the negative impact from the ash cloud on earnings up to

May 7 to be between MSEK 650 and 700. The estimate includes among other

things lost bookings up to May 7, extra costs for alternative

transportation and reimbursements to our customers such as hotel

accommodation expenses.

Scandinavian Airlines

. Total number of passengers was 1.3 million during April, down 28.1%

and significantly effected by the closure of the traffic due to the

volcanic ashes in Iceland.

. The traffic decreased by 24.2% and capacity was reduced by 21.1%

. The load factor decreased by 2.9 p.u. to 70.5%.

The intercontinental traffic was least affected as some flight could be

performed as normalTraffic decreased with 9.8% while capacity was down

15% resulting in an improved load factor of 4.9 p.u to 84.9%. On

European routes, traffic decreased by 32.8% and load factor decreased by

5.4 p.u. to 66.7%. The intrascandinavian capacity decreased by 17.3% and

traffic was down 27%. The Norwegian domestic traffic was down 28.7% and

capacity was down by 14.8%. Traffic on Swedish domestic routes was down

29.9% and the capacity decreased 23.9%.

Widerøe's traffic development

Widerøe carried 125.000 passengers in April, down 24.9% vs last year.

The overall load factor was down by 8 p.u. The traffic was affected by

the volcanic ashes from Iceland. In total Widerøe cancelled 1348

scheduled flights, and had a cancellation rate of 16.9% for the whole

month.

Blue 1's traffic development

Blue1's traffic decreased 24.4% during April and capacity was down

23.8%, mainly due to the closure of the air space in Europe and Finland

during parts of the month. The number of carried passengers as a result

decreased by 32.7%. The passenger load factor was down 0.5 p.u. albeit

there were higher levels of no shows immediately after the opening of

the air space.

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