Icelandair Group hf. - Company Announcement

Traffic Data February 2014

The Company carried 116 thousand passengers on international flights in
February.  The number of passengers was up by 11% as compared to February last
year.  The capacity increase in available seat kilometers was 13%. The
passenger load factor was 73.3%, the same as in February last year. 

Passengers on regional flights and Greenland flights were 21 thousand in
February, which is 10% decrease from February last year.  The capacity was
decreased by 6%..  The load factor was 69.4%, decreasing by 1.8 percentage
points from last year.  Sold block hours in charter flights decreased by 19%
between years.  Cargo transport increased by 6% year-on-year. The number of
sold room nights at our Hotels was up by 4% from previous year. The room
utilization was 72.6%, compared to 70.1% in February last year. 



INTERNATIONAL FLIGHTS             FEB 14   FEB 13   CHG (%)   YTD 14   CHG (%)
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Number of Passengers             115,918  104,215       11%  240,632       13%
Load Factor                        73.3%    73.3%   0.0 ppt    71.8%   0.9 ppt
Available Seat KM (ASK´000,000)    443.0  390,877       13%    962.2       14%
REGIONAL AND GREENLAND FLIGHTS    FEB 14   FEB 13   CHG (%)   YTD 14   CHG (%)
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Number of Passengers              20,649   22,977      -10%   41,002       -8%
Load Factor                        69.4%    71.2%  -1.8 ppt    68.8%   0.2 ppt
Available Seat KM (ASK´000,000)      9.2    9,831       -6%     18.6       -7%
CAPACITY                          FEB 14   FEB 13   CHG (%)   YTD 14   CHG (%)
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Fleet Utilization                 100.0%    80.9%  19.1 ppt   100.0%  22.0 ppt
Sold Block Hours                   1,820    2,246      -19%    4,307      -13%
CARGO                             FEB 14   FEB 13   CHG (%)   YTD 14   CHG (%)
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Available Tonne KM (ATK´000)      13,014   12,075        8%   27,221        7%
Freight Tonne KM (FTK´000)         7,504    7,067        6%   15,486        7%
HOTELS                            FEB 14   FEB 13   CHG (%)   YTD 14   CHG (%)
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Available Hotel Room Nights       20,720   20,720        0%   43,660        0%
Sold Hotel Room Nights            15,051   14,526        4%   26,839        6%
Utilization of Hotel Rooms         72.6%    70.1%   2.5 ppt    61.5%   3.7 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