Icelandair Group hf. - Company Announcement

Traffic Data July 2016

The Company carried 491 thousand passengers on international flights in July.
The number of passengers was 18% above the figure for July last year.  The
company has never before carried more passengers in a single month. The
passenger load factor was 87.7% compared to 88.9% in July last year. The
capacity increase totalled 22% between years. 

Passengers on domestic flights and Greenland flights were 35 thousand in July. 
The capacity was increased by 14% compared to July 2015.  The load factor was
71.6%, decreasing by 5.9 percentage points from last year, mainly due to new
destination in Greenland which is still in development stage. The number of
sold block hours in charter flights remained the same between years.  Cargo
transport increased by 1% year-on-year. The number of sold room nights at the
Company's Hotels increased by 7% compared to previous year. The room
utilisation was 90.8%, compared to 90.4% in July last year. 



INTERNATIONAL          JUL 16   JUL 15   CHG (%)     YTD 16     YTD 15   CHG (%)
 FLIGHTS                                                                        
--------------------------------------------------------------------------------
Number of Passengers  491,007  414,678       18%  2,040,371  1,714,712       19%
Load Factor             87.7%    88.9%  -1.3 ppt      82.1%      82.9%  -0.8 ppt
Available Seat KM     1,697.0  1,395.6       22%    7,519.6    6,180.6       22%
 (ASK´000,000)                                                                  
                                                                                
DOMESTIC AND           JUL 16   JUL 15   CHG (%)     YTD 16     YTD 15   CHG (%)
 GREENLAND FLIGHTS                                                              
--------------------------------------------------------------------------------
Number of Passengers   35,016   33,492        5%    178,737    171,473        4%
Load Factor             71.6%    77.6%  -5.9 ppt      71.6%      73.3%  -1.7 ppt
Available Seat KM        22.8     20.1       14%       90.6       84.7        7%
 (ASK´000,000)                                                                  
                                                                                
CHARTER FLIGHTS        JUL 16   JUL 15   CHG (%)     YTD 16     YTD 15   CHG (%)
--------------------------------------------------------------------------------
Fleet Utilisation      100.0%   100.0%   0.0 ppt     100.0%     100.0%   0.0 ppt
Sold Block Hours        2,169    2,180        0%     13,890     13,235        5%
                                                                                
CARGO                  JUL 16   JUL 15   CHG (%)     YTD 16     YTD 15   CHG (%)
--------------------------------------------------------------------------------
Freight Tonne KM        8,428    8,349        1%     61,794     57,460        8%
 (FTK´000)                                                                      
                                                                                
HOTELS                 JUL 16   JUL 15   CHG (%)     YTD 16     YTD 15   CHG (%)
--------------------------------------------------------------------------------
Available Hotel Room   45,647   42,842        7%    201,929    192,939        5%
 Nights                                                                         
Sold Hotel Room        41,469   38,743        7%    163,134    153,105        7%
 Nights                                                                         
Utilisation of Hotel    90.8%    90.4%   0.4 ppt      80.8%      79.4%   1.4 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 - July 2016.pdf