Icelandair Group hf. - Company Announcement

CORRECTION: Traffic Data August 2011

Another record month in passenger numbers at Icelandair

Correction: Please note that a new table with correct YTD numbers has been
inserted. 

Icelandair carried 250 thousand passengers in August which is a record
passenger number for the month of August.  Passenger increase between years was
18%.  Capacity increase at the same time was 19% and the load factor was 85.3%.
 Traffic increased on all markets, but relatively most on the market From
Iceland where the increase was 25%. 

Air Iceland carried 38 thousand passengers in August and the passenger increase
between years was 4%.  The load factor was 74.9% and improved by 4.1 percentage
points from last year.  Sold block hours in the capacity sector decreased by
3%, reason being maintenance work at Icelandair Cargo.  Freight increased by
10% and the room utilisation at Icelandair Hotels was 82.3%, decreasing by 0.9
percentage points year on year. 



ICELANDAIR                     AUG 11    CHG (%)     YTD 11   CHG (%)
---------------------------------------------------------------------
Number of Passengers          249,065        18%  1,225,509       20%
Load Factor (%)                 85.3%   -0.9 ppt      79.8%   1.7 ppt
Available Seat KM (ASK´000)   820,362        19%  4,280,278       19%
AIR ICELAND                    AUG 11    CHG (%)     YTD 11   CHG (%)
---------------------------------------------------------------------
Number of Passengers           38,254         4%    241,934        4%
Load Factor (%)                 74.9%    4.1 ppt      70.3%   1.8 ppt
Available Seat KM (ASK´000)    21,693         2%    125,222        8%
CAPACITY                       AUG 11    CHG (%)     YTD 11   CHG (%)
---------------------------------------------------------------------
Fleet Utilization (%)           84.6%  -11.7 ppt      92.3%  -1.7 ppt
Sold Block Hours                3,118        -3%     23,895        5%
ICELANDAIR CARGO               AUG 11    CHG (%)     YTD 11   CHG (%)
---------------------------------------------------------------------
Available Tonne KM (ATK´000)   18,568        16%    114,336        9%
Freight Tonne KM (FTK´000)      6,110        10%     49,290        1%
ICELANDAIR HOTELS              AUG 11    CHG (%)     YTD 11   CHG (%)
---------------------------------------------------------------------
Available Hotel Room Nights    32,205        10%    181,002        5%
Sold Hotel Room Nights         26,507         9%    128,063        6%
Utilization of Hotel Rooms      82.3%   -0.9 ppt      70.8%   0.9 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_August.pdf