Icelandair Group hf. - Company Announcement

Traffic Data July 2012

Record number of passengers on international flights

The Company carried 279 thousand passengers on international flights in July.
The number of passengers was up by 10% as compared to July last year.  The
capacity increase compared to July 2011 was 11%. The passenger load factor was
85.3% as compared to 85.4% last year. The number of passengers on the
Trans-Atlantic market increased by 13% compared to July in the previous year
and the increase in number of tourists visiting Iceland was 10%. 

Passengers on regional flights and Greenland flights were 38 thousand in July,
which was a 1% increase from July last year. The load factor was 69.6%,
decreasing by 3.9 percentage points as compared to July 2011. Sold block hours
in charter flights decreased by 11% in July. The decrease is due to one less
aircraft being deployed in charter cargo flights than last year. Cargo
transport increased by 7% as compared to July last year. The number of
available hotel room nights at our hotels was up by 7% from previous year. The
room utilization was 88.0%, 2.7 percentage points higher than in July 2011. 

INTERNATIONAL FLIGHTS           JUL 12   CHG (%)     YTD 12   CHG (%)
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Number of Passengers           278,505       10%  1,131,487       16%
Load Factor                      85.3%  -0.1 ppt      81.0%   2.5 ppt
Available Seat KM (ASK´000)    924,131       11%  3,933,222       14%
REGIONAL AND GREENLAND FLIGHS   JUL 12   CHG (%)     YTD 12   CHG (%)
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Number of Passengers            38,013        1%    212,463        4%
Load Factor                      69.6%  -3.9 ppt      70.2%   0.6 ppt
Available Seat KM (ASK´000)     22,593        2%    103,488        0%
CAPACITY                        JUL 12   CHG (%)     YTD 12   CHG (%)
---------------------------------------------------------------------
Fleet Utilization                95.0%   9.9 ppt      91.3%  -2.1 ppt
Sold Block Hours                 2,732      -11%     18,653      -10%
CARGO                           JUL 12   CHG (%)     YTD 12   CHG (%)
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Available Tonne KM (ATK´000)    18,919       -1%    102,820        8%
Freight Tonne KM (FTK´000)       6,830        7%     52,116       21%
HOTELS                          JUL 12   CHG (%)     YTD 12   CHG (%)
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Available Hotel Room Nights     40,300        7%    170,170       14%
Sold Hotel Room Nights          35,469       10%    123,422       22%
Utilization of Hotel Rooms       88.0%   2.7 ppt      72.5%   4.3 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 - July.pdf