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Scandinavian Airlines traffic development
• Traffic increased by 0.8% and capacity was up 4%.
• The load factor was 72.3%, down 2.3 p.u.
• Number of passengers decreased 1% to 2.4 million.

SAS increased its capacity by approximately 10% to, from and within the Norwegian and Swedish markets in October, resulting in a continued growth. Intercontinental capacity was increased 4.1% due to the new route to San Francisco and additional frequencies on existing routes. The intercontinental traffic increased 2.9. On European/Intrascandinavian routes, capacity increased 4% as more leisure European routes were operated than last year. The demand did not absorb the added capacity. On domestic routes, traffic was down 0.2%. Adjusted for the closure of Finnish domestic routes, the domestic traffic increased 0.8%.

Market trends 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. Demand is strongest on intercontinental routes and relatively stable on routes within Scandinavia, while weaker on European routes.
Currency adjusted yield (Scandinavian Airlines) in September 2013 was down 3.9% and RASK was down 7.4% versus previous year, somewhat weaker than expected. In October 2013, the change in yield and RASK vs. last year is also expected to be negative. The scheduled capacity increase for the financial year 2013/14 is expected to be up approximately 3-4%.

SAS product and news update
• SAS has refreshed its brand image at all scheduled stations since 2011. Starting mid-November, all charter stations will also undergo a refresh of SAS brand image.
• SAS and Airbus finalized the long haul aircraft order of 8 Airbus A350 and 5 Airbus A330 with first delivery in 2015.
• From the end of October, SAS commenced non-stop flights from Copenhagen to Bremen and Humberside.
• On 26 October 2013, SAS retired its last MD80 in traffic. At the end of the first quarter 2014, SAS will have a pure Next Generation fleet.

Widerøe sold – update on final capital loss
On 30 September 2013, the SAS Group completed the sale of Widerøe. Consequently, the SAS Group does not report Widerøe’s traffic development from October 2013.
The final capital gains result regarding the sale of Widerøe including related aircraft has now been determined and will result in an additional capital gains loss in the 4th quarter of MSEK 98.

* Due to the sale of Widerøe, the SAS Group does not include Widerøe’s traffic from 1 October 2013. However, Widerøe is included in all comparable figures.


Punctuality* October 2013 SAS: 89.7%
* Departure within 15 minutes
Regularity October 2013 SAS: 98.9%

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