Icelandair Group hf. - Company Announcement

Traffic Data December 2014

The Company carried 159 thousand passengers on international flights in
December. The number of passengers was up by 13% as compared to December last
year. The capacity increase totalled 11% between years. The passenger load
factor was 78.6% compared to 76.1% at the same time last year. The Company has
never carried more passengers on international flights than in 2014.  The total
number of passengers carried was 2.6 million, an increase by 15% from 2013. 

Passengers on regional flights and Greenland flights were 18 thousand in
December, which is 8% decrease from December last year. The capacity was
decreased by 9% compared to December 2013. The load factor was 65.7%,
increasing by 0.7 percentage points from last year. Sold block hours in charter
flights decreased by 24% between years. Cargo transport decreased by 1%
year-on-year. The room utilization at the Company's Hotels was 55.8%, compared
to 45.7% in December last year. 



INTERNATIONAL FLIGHTS   DEC 14   DEC 13   CHG (%)     YTD 14     YTD 13  CHG (%)
--------------------------------------------------------------------------------
Number of Passengers   159,311  140,615       13%  2,605,483  2,257,295      15%
Load Factor              78.6%    76.1%   2.4 ppt      80.4%      79.3%  1.1 ppt
Available Seat KM        606.3    547.5       11%    9,673.3    8,320.3      16%
 (ASK´000,000)                                                                  
REGIONAL AND            DEC 14   DEC 13   CHG (%)     YTD 14     YTD 13  CHG (%)
 GREENLAND FLIGHTS                                                              
--------------------------------------------------------------------------------
Number of Passengers    18,198   19,752       -8%    292,706    307,309      -5%
Load Factor              65.7%    65.0%   0.7 ppt      71.5%      71.1%  0.4 ppt
Available Seat KM          8.7      9.5       -9%      147.6      154.5      -5%
 (ASK´000,000)                                                                  
CHARTER FLIGHTS         DEC 14   DEC 13   CHG (%)     YTD 14     YTD 13  CHG (%)
--------------------------------------------------------------------------------
Fleet Utilization        87.5%    90.9%  -3.4 ppt      94.2%      91.0%  3.2 ppt
Sold Block Hours         1,689    2,219      -24%     21,044     28,089     -25%
CARGO                   DEC 14   DEC 13   CHG (%)     YTD 14     YTD 13  CHG (%)
--------------------------------------------------------------------------------
Available Tonne KM      14,684   14,206        3%    216,617    201,796       7%
 (ATK´000)                                                                      
Freight Tonne KM         8,047    8,124       -1%     97,660     94,787       3%
 (FTK´000)                                                                      
HOTELS                  DEC 14   DEC 13   CHG (%)     YTD 14     YTD 13  CHG (%)
--------------------------------------------------------------------------------
Available Hotel Room    22,909   22,940        0%    316,773    314,603       1%
 Nights                                                                         
Sold Hotel Room         12,774   10,481       22%    239,522    222,320       8%
 Nights           
Utilization of Hotel     55.8%    45.7%  10.1 ppt      75.6%      70.7%  4.9 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 - December.pdf