Icelandair Group hf. - Company Announcement

Traffic Data June 2011

Total number of Icelandair passengers up 21% from June last year

Icelandair carried 213 thousand passengers in June, an increase of 21% since
last year. The load factor was 80.8% and remained unchanged. Passenger numbers
at Air Iceland were down by 3%, while the load factor improved and was 70.5%.
The Vestmanneyjar route was ceased in 2010 which skews the comparison. Flights
to Greenland have been successful and passenger increase in June was 25%
compared to last year. 

Sold block hours where 1% less in June compared to June 2010. Sold block hours
by Loftleiðir-Icelandic increased, but decreased by Icelandair Cargo due to
maintenance work. Freight increased by 4% in June mainly due to more import to
Iceland. Hotel utilization was 72.6% and improved over last year. Available
hotel rooms were up 12%, reason being the opening of a new Icelandair Hotel in
Akureyri in June. 



ICELANDAIR            JUN 11   JUN 10   CHG %      YTD 11     YTD 10     CHG %  
No. of Passengers     213,008  176,650        21%    721,785    593,430      22%
 (PAX)                                                                          
Load Factor (%)         80.8%    80.8%    0.0 ppt      76.3%      73.0%  3.2 ppt
Available Seat KM     745,699  616,815        21%  2,627,093  2,199,723      19%
 (ASK´000)                                                                      
AIR ICELAND           JUN 11   JUN 10   CHG %      YTD 11     YTD 10     CHG %  
No. of Passengers      33,110   34,049        -3%    165,887    157,489       5%
 (PAX)                                                                          
Load Factor (%)         70.5%    68.4%    2.1 ppt      68.1%      67.6%  0.6 ppt
Available Seat KM      17,893   17,395         3%     81,478     71,626      14%
 (ASK´000)                                                                      
CAPACITY              JUN 11   JUN 10   CHG %      YTD 11     YTD 10     CHG %  
Fleet Utilization       87.9%   100.0%  -12.1 ppt      94.7%      92.6%  2.1 ppt
 (%)                                                                            
Sold Block Hours        2,965    2,995        -1%     17,722     16,062      10%
ICELANDAIR CARGO      JUN 11   JUN 10   CHG %      YTD 11     YTD 10     CHG %  
Available Tonne KM     17,555   15,278        15%     76,348     70,611       8%
 (ATK´000)                                                                      
Freight Tonne KM        5,936    5,726         4%     36,664     36,232       1%
 (FTK´000)                                                                      
ICELANDAIR HOTELS     JUN 11   JUN 10   CHG %      YTD 11     YTD 10     CHG %  
Available Hotel Room   30,813   27,573        12%    111,145    107,665       3%
 Nights                                                                         
Sold Hotel Room        22,375   19,898        12%     69,444     66,914       4%
 Nights                                                                         
Utilization of Hotel    72.6%    72.2%    0.5 ppt      62.5%      62.2%  0.3 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 June2011.pdf