Icelandair Group hf. - Company Announcement

Traffic Data October 2012

The Company carried 172 thousand passengers on international flights in
October.  The number of passengers was up by 18% as compared to October last
year.  The capacity increase compared to October 2011 was 21%.  The passenger
load factor was 80.6% compared to 81.4% last year. The number of passengers on
the Trans-Atlantic market increased the most or by 37%.  The increase on the
tourist market to Iceland was 16%.  The number of international passengers in
January - October was 1.77 million, already exceeding the 2011 full year record
of 1.75 million passengers. 

Passengers on regional and Greenland flights were 29 thousand in October, which
was a 1% decrease from October last year.  The load factor was 76.6%,
increasing by 9.3 percentage points compared to October 2011.  Sold block hours
in charter flights decreased by 2% in October.  The decrease is due to one less
aircraft being deployed in charter cargo flights than last year. Cargo
transport increased by 14% as compared to October last year. The number of
available room nights was up by 24% from previous year. The room utilization
was 67.6%, 4.3 percentage points higher than in October 2011. 



INTERNATIONAL FLIGHTS           OCT 12   CHG (%)     YTD 12  CHG (%)
--------------------------------------------------------------------
Number of Passengers           172,015       18%  1,769,887      15%
Load Factor                      80.6%  -0.8 ppt      81.6%  1.8 ppt
Available Seat KM (ASK´000)    623,679       21%  6,195,498      14%
REGIONAL AND GREENLAND FLIGHS   OCT 12   CHG (%)     YTD 12  CHG (%)
--------------------------------------------------------------------
Number of Passengers            28,971       -1%    295,132       0%
Load Factor                      76.6%   9.3 ppt      69.1%  0.0 ppt
Available Seat KM (ASK´000)     12,315      -12%    156,091       0%
CAPACITY                        OCT 12   CHG (%)     YTD 12  CHG (%)
--------------------------------------------------------------------
Fleet Utilization               100.0%   0.0 ppt      93.1%  0.0 ppt
Sold Block Hours                 2,551       -2%     26,560      -9%
CARGO                           OCT 12   CHG (%)     YTD 12  CHG (%)
--------------------------------------------------------------------
Available Tonne KM (ATK´000)    16,094       12%    154,885       7%
Freight Tonne KM (FTK´000)       8,266       14%     74,476      18%
HOTELS                          OCT 12   CHG (%)     YTD 12  CHG (%)
--------------------------------------------------------------------
Available Hotel Room Nights     22,940       24%    249,094      15%
Sold Hotel Room Nights          15,512       33%    185,824      21%
Utilization of Hotel Rooms       67.6%   4.3 ppt      74.6%  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

Attachments:

Traffic Data - October 2012.pdf