Icelandair Group hf. - Company Announcement

Traffic Data August 2014

The Company carried 354 thousand passengers on international flights in August.
 The number of passengers was up by 18% as compared to August last year.  The
capacity increase totalled 19% between years. The passenger load factor was
86.2% compared to 85.5% at the same time last year. The number of passengers on
the Trans-Atlantic market increased the most or by 23.4%.  Passengers on this
market were 55% of total passengers carried on the Company's international
flights. 

Passengers on regional flights and Greenland flights were 32 thousand in
August, which is 2% decrease from August last year.  The capacity was decreased
by 3% compared to August 2013.  The load factor was 74.1%, increasing by 0.6
percentage points from last year.  Sold block hours in charter flights
decreased by 22% between years.  Cargo transport increased by 1% year-on-year.
The number of sold room nights at our Hotels increased by 3.9% compared to
previous year. The room utilization was 88.3%, compared to 88.2% in August last
year. 



INTERNATIONAL          AUG 14   AUG 13   CHG (%)     YTD 14     YTD 13   CHG (%)
 FLIGHTS                                                                        
--------------------------------------------------------------------------------
Number of Passengers  353,826  300,164       18%  1,811,906  1,573,484       15%
Load Factor             86.2%    85.5%   0.7 ppt      80.9%      80.5%   0.4 ppt
Available Seat KM     1,223.3  1,031.3       19%    6,652.8    5,678.9       17%
 (ASK´000,000)                                                                  
REGIONAL AND           AUG 14   AUG 13   CHG (%)     YTD 14     YTD 13   CHG (%)
 GREENLAND FLIGHTS                                                              
--------------------------------------------------------------------------------
Number of Passengers   32,338   32,928       -2%    203,373    214,652       -5%
Load Factor             74.1%    73.5%   0.6 ppt      71.2%      71.6%  -0.3 ppt
Available Seat KM        20.0     20.7       -3%      106.5      110.8       -4%
 (ASK´000,000)                                                                  
CHARTER FLIGHTS        AUG 14   AUG 13   CHG (%)     YTD 14     YTD 13   CHG (%)
--------------------------------------------------------------------------------
Fleet Utilization       87.5%    90.9%  -3.4 ppt      94.8%      90.5%   4.3 ppt
Sold Block Hours        1,958    2,512      -22%     14,419     19,102      -25%
CARGO                  AUG 14   AUG 13   CHG (%)     YTD 14     YTD 13   CHG (%)
--------------------------------------------------------------------------------
Available Tonne KM     23,477   21,560        9%    149,130    135,533       10%
 (ATK´000)                                                                      
Freight Tonne KM        7,301    7,245        1%     64,405     61,598        5%
 (FTK´000)                                                                      
HOTELS                 AUG 14   AUG 13   CHG (%)     YTD 14     YTD 13   CHG (%)
--------------------------------------------------------------------------------
Available Hotel Room   35,850   34,535        4%    225,643    223,567        1%
 Nights                
Sold Hotel Room        31,647   30,472        4%    175,670    167,059        5%
 Nights                                                                         
Utilization of Hotel    88.3%    88.2%   0.1 ppt      77.9%      74.7%   3.1 ppt
 Rooms                                                                          



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