Icelandair Group hf. - Company Announcement

Traffic Data November 2011

Icelandair´s load factor for the month of November is 77% and is 2.8 percentage
points higher than last year 

Icelandair carried 104 thousand passengers in November, an increase of 10% as
compared to November last year. The capacity increase in the month was 8% and
the seat load factor was 77.0% which equals a 2.8 percentage point increase
from November 2010. The number of passengers increased in all of Icelandair's
markets, with the highest increase of 11% in the market to Iceland. 

Air Iceland carried 27 thousand passengers in November, which was a decrease of
1% from November last year. Seat load factor was 67.4%. Sold hours in the
capacity sector decreased by 9%. Freight increased by 14%. 

The total number of available hotel room nights at Icelandair Hotels group was
17,850 nights and increased by 11% from last year. The room utilization rate
was 55.9% and increased by 3 percentage points as compared to the same month
last year. 

ICELANDAIR                     NOV 11   CHG (%)     YTD 11   CHG (%)
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Number of Passengers          104,425       10%  1,643,927       18%
Load Factor                     77.0%   2.8 ppt      79.6%   0.9 ppt
Available Seat KM (ASK´000)   384,966        8%  5,793,077       19%
AIR ICELAND                    NOV 11   CHG (%)     YTD 11   CHG (%)
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Number of Passengers           27,072       -1%    328,377        3%
Load Factor                     67.4%  -1.9 ppt      69.5%   0.8 ppt
Available Seat KM (ASK´000)    12,546        1%    168,116        8%
CAPACITY                       NOV 11   CHG (%)     YTD 11   CHG (%)
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Fleet Utilization               93.8%  -6.2 ppt      93.1%  -1.0 ppt
Sold Block Hours                2,429       -9%     31,638        1%
ICELANDAIR CARGO               NOV 11   CHG (%)     YTD 11   CHG (%)
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Available Tonne KM (ATK´000)   12,682       13%    156,814       13%
Freight Tonne KM (FTK´000)      7,061       14%     70,422        7%
ICELANDAIR HOTELS              NOV 11   CHG (%)     YTD 11   CHG (%)
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Available Hotel Room Nights    17,850       11%    235,147        7%
Sold Hotel Room Nights          9,977       18%    164,113        9%
Utilization of Hotel Rooms      55.9%   3.0 ppt      69.8%   1.8 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 November2011.pdf