Icelandair Group hf. - Company Announcement

Traffic Data June 2014

The Company carried around 309 thousand passengers on international flights in
June.  The number of passengers was up by 15% as compared to June last year. 
The capacity increase compared to June 2013 was 16%.   The passenger load
factor was 82.5% and improved by 0.4 percentage points between years. The
Company cancelled 65 flights and had to reroute around 10 thousand passengers
due to aircraft maintenance technician's industrial actions in the month. 

Passengers on regional flights and Greenland flights were 27 thousand in June,
which is a 3% decrease from June last year.  The load factor was 69.1%,
decreasing by 1.4 percentage points compared to June 2013.  Sold block hours in
charter flights decreased by 26% compared to June 2013.  Cargo transport
increased by 2% as compared to June last year. The number of available room
nights at our hotels was up by 1% from previous year. The room utilization was
77.8%, 4.3 percentage points higher than in June 2013. 



INTERNATIONAL FLIGHTS   JUN 14   JUN 13    CHG (%)     YTD 14   YTD 13   CHG (%)
--------------------------------------------------------------------------------
Number of Passengers   308,545  268,604        15%  1,103,143  967,114       14%
Load Factor              82.5%    82.1%    0.4 ppt      77.8%    77.5%   0.3 ppt
Available Seat KM      1,117.2    963.8        16%    4,204.2  3,614.3       16%
 (ASK´000,000)                                                                  
REGIONAL AND            JUN 14   JUN 13    CHG (%)     YTD 14   YTD 13   CHG (%)
 GREENLAND FLIGHTS                                                              
--------------------------------------------------------------------------------
Number of Passengers    27,199   27,971        -3%    138,649  149,231       -7%
Load Factor              69.1%    70.5%   -1.4 ppt      70.0%    70.4%  -0.4 ppt
Available Seat KM         14.7     15.0        -2%       65.4     69.9       -6%
 (ASK´000,000)                                                                  
CAPACITY                JUN 14   JUN 13    CHG (%)     YTD 14   YTD 13   CHG (%)
--------------------------------------------------------------------------------
Fleet Utilization        87.5%   100.0%  -12.5 ppt      96.4%    89.0%   7.4 ppt
Sold Block Hours         1,598    2,157       -26%     10,665   14,166      -25%
CARGO                   JUN 14   JUN 13    CHG (%)     YTD 14   YTD 13   CHG (%)
--------------------------------------------------------------------------------
Available Tonne KM      22,534   20,203        12%    101,197   92,434        9%
 (ATK´000)                                                                      
Freight Tonne KM         8,013    7,856         2%     48,987   46,930        4%
 (FTK´000)                                                                      
HOTELS                  JUN 14   JUN 13    CHG (%)     YTD 14   YTD 13   CHG (%)
--------------------------------------------------------------------------------
Available Hotel Room    36,029   35,552         1%    148,253  147,616        0%
 Nights                                                                         
Sold Hotel Room         28,035   26,150         7%    107,000   99,664        7%
 Nights                                                                         
Utilization of Hotel     77.8%    73.6%    4.3 ppt      72.2%    67.5%   4.7 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