Icelandair Group hf. - Company Announcement

Icelandair ehf.’s pilots call a strike

The Icelandic Airline Pilots Association (FIA) has decided to ban all pilots
overtime at Icelandair ehf. as of 6 am on 9 May 2014. FIA has also called for a
strike during the following periods: 

From 06:00 AM on 9 May 2014 until 06:00 PM on 9 May 2014.
From 06:00 AM on 16 May 2014 until 06:00 PM on 16 May 2014.
From 06:00 AM on 20 May 2014 until 06:00 PM on 20 May 2014.
From 06:00 AM on 23 May 2014 until 06:00 AM on 25 May 2014.
From 06:00 AM on 30 May 2014 until 06:00 AM on 3 June 2014.

If Icelandair Group and FIA will not sign a new Collective-Bargaining Agreement
before the strike Icelandair's flight schedule will be distorted. The possible
financial effects of the overtime ban and the strike on Icelandair Group are
uncertain at this time. 



Further information:

Bjorgólfur Jóhannsson, President and CEO
bubbi@icelandairgroup.is
+ 354 8961455

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