Icelandair Group hf. - Company Announcement

Traffic Data January 2014

The number of passenger on international flights was 125 thousand in January
and increased by 15% compared to January last year. The capacity increase was
15% in total and the passenger load factor was 70.5% increasing by 1.6
percentage points between years. 

The number of passengers on regional and Greenland flights amounted to 20
thousand, decreasing by 5% compared to January last year.  The capacity in
January was 7% lower than in January last year.  The passenger seat load factor
was 68.2% compared to 66.1% in January 2012.Sold block hours in the capacity
sector decreased by 8% in January. Freight increased by 7% year-on-year. The
number of sold room nights at Icelandair Hotels was up by 10% from last year.
The room utilization was 51.4%, 4.8 percentage points higher than in January
2013. 





INTERNATIONAL FLIGHTS             JAN 14   JAN 13   CHG (%)
-----------------------------------------------------------
Number of Passengers             124,745  108,920       15%
Load Factor                        70.5%    68.9%   1.6 ppt
Available Seat KM (ASK´000,000)    519.2  451,995       15%
REGIONAL AND GREENLAND FLIGHTS    JAN 14   JAN 13   CHG (%)
-----------------------------------------------------------
Number of Passengers              20,353   21,460       -5%
Load Factor                        68.2%    66.1%   2.1 ppt
Available Seat KM (ASK´000,000)      9.4   10,069       -7%
CAPACITY                          JAN 14   JAN 13   CHG (%)
-----------------------------------------------------------
Fleet Utilization                 100.0%    75.0%  25.0 ppt
Sold Block Hours                   2,487    2,704       -8%
CARGO                             JAN 14   JAN 13   CHG (%)
-----------------------------------------------------------
Available Tonne KM (ATK´000)      14,207   13,439        6%
Freight Tonne KM (FTK´000)         7,981    7,451        7%
HOTELS                            JAN 14   JAN 13   CHG (%)
-----------------------------------------------------------
Available Hotel Room Nights       22,940   22,940        0%
Sold Hotel Room Nights            11,788   10,694       10%
Utilization of Hotel Rooms         51.4%    46.6%   4.8 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