Icelandair Group hf. - Company Announcement

Traffic Data November 2014

The Company carried 161 thousand passengers on international flights in
November. The number of passengers was up by 12% as compared to November last
year. The capacity increase totalled 10% between years. The passenger load
factor was 76.9% compared to 74.0% at the same time last year. The number of
passengers on the Trans-Atlantic market increased the most or by 21.9%. 

Passengers on regional flights and Greenland flights were 21 thousand in
November, which is 1% decrease from November last year. The load factor was
72.5%, increasing by 1.1 percentage points from last year. Sold block hours in
charter flights decreased by 20% between years. Cargo transport was the same
year-on-year. The room utilization at our Hotels was 71.0%, compared to 65.5%
in November last year. 



INTERNATIONAL FLIGHTS   NOV 14   NOV 13   CHG (%)     YTD 14     YTD 13  CHG (%)
--------------------------------------------------------------------------------
Number of Passengers   161,024  143,326       12%  2,446,302  2,116,680      16%
Load Factor              76.9%    74.0%   2.9 ppt      80.5%      79.5%  1.0 ppt
Available Seat KM        636.3    576.1       10%    9,067.0    7,772.8      17%
 (ASK´000,000)                                                                  
REGIONAL AND            NOV 14   NOV 13   CHG (%)     YTD 14     YTD 13  CHG (%)
 GREENLAND FLIGHTS                                                              
--------------------------------------------------------------------------------
Number of Passengers    21,235   21,423       -1%    274,508    287,557      -5%
Load Factor              72.5%    71.4%   1.1 ppt      71.8%      71.5%  0.3 ppt
Available Seat KM          9.1      9.2       -1%      138.9      145.0      -4%
 (ASK´000,000)                                                                  
CHARTER FLIGHTS         NOV 14   NOV 13   CHG (%)     YTD 14     YTD 13  CHG (%)
--------------------------------------------------------------------------------
Fleet Utilization        85.7%    90.0%  -4.3 ppt      94.8%      91.0%  3.8 ppt
Sold Block Hours         1,676    2,096      -20%     19,344     25,871     -25%
CARGO                   NOV 14   NOV 13   CHG (%)     YTD 14     YTD 13  CHG (%)
--------------------------------------------------------------------------------
Available Tonne KM      15,096   15,168        0%    201,933    187,590       8%
 (ATK´000)                                                                      
Freight Tonne KM         8,049    8,057        0%     89,613     86,663       3%
 (FTK´000)                                                                      
HOTELS                  NOV 14   NOV 13   CHG (%)     YTD 14     YTD 13  CHG (%)
--------------------------------------------------------------------------------
Available Hotel Room    22,170   22,200        0%    293,864    291,663       1%
 Nights                                                                         
Sold Hotel Room         15,731   14,549        8%    226,748    211,839       7%
 Nights                                                                         
Utilization of Hotel     71.0%    65.5%   5.4 ppt      77.2%      72.6%  4.5 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 - November.pdf