Icelandair Group hf. - Company Announcement

Pilots’ Strike, Overtime Ban and other Actions

The pilots' strike, overtime ban and other actions has led to more flight
cancellations than was estimated. If the industrial actions continue the loss
will be greater than was announced on 6 May. It is not possible to estimate how
much the loss will be until the actions have ceased. 



Further information:

Bjorgolfur Johannsson, President and CEO
bubbi@icelandairgroup.is
+ 354 896 1455

Bogi Nils Bogason, CFO
bogi@icelandairgroup.is
+ 354 665 8801