Icelandair Group hf. - Company Announcement

Traffic Data January 2012

Number of passengers to Iceland increased by 28% between years

In January Icelandair increased its capacity by 7% compared to January last
year. The increase in passenger numbers for the same period was 13%. The load
factor was 69.1%, up by 3.5 percentage points year-on-year. The load factor in
January has historically never been higher. The number of passengers increased
in all markets, with the highest increase of 28% in the tourist market to
Iceland. 

Air Iceland carried almost 24 thousand passengers in January. Seat load factor
was 64.9% and decreased by 0.4 percentage points between years. Sold block
hours in the capacity sector decreased by 9%. Freight increased by 20% year on
year. The number of available room nights at Icelandair Hotels was up by 12%
from last year. The room utilization was 45.8% and was 1.1 percentage points
higher than in January last year. 



ICELANDAIR                     JAN 12    CHG (%)
------------------------------------------------
Number of Passengers (PAX)     93,184        13%
Load Factor (%)                 69.1%    3.5 ppt
Available Seat KM (ASK´000)   369,373         7%
AIR ICELAND                    JAN 12    CHG (%)
------------------------------------------------
Number of Passengers (PAX)     23,721         0%
Load Factor (%)                 64.9%   -0.4 ppt
Available Seat KM (ASK´000)    11,432        -1%
CAPACITY                       JAN 12    CHG (%)
------------------------------------------------
Fleet Utilization (%)           88.5%  -11.5 ppt
Sold Block Hours                2,921        -9%
ICELANDAIR CARGO               JAN 12    CHG (%)
------------------------------------------------
Available Tonne KM (ATK´000)   11,929        11%
Freight Tonne KM (FTK´000)      6,770        20%
ICELANDAIR HOTELS              JAN 11    CHG (%)
------------------------------------------------
Available Hotel Room Nights    18,445        12%
Sold Hotel Room Nights          8,440        15%
Utilization of Hotel Rooms      45.8%    1.1 ppt

For further detailed information please contact:

Bogi Nils Bogason, CFO, Icelandair Group tel: + 354 665-8801
Íris Hulda Þórisdóttir, Director Investor Relations, Icelandair Group tel: +
354 840-7010

Attachments:

Traffic Data - Jan 2012.pdf