Icelandair Group hf. - Company Announcement

Traffic Data February 2015

The Company carried 143 thousand passengers on international flights in
February.  The number of passengers was up by 24% as compared to February last
year.  The capacity increase in February totalled 19% between years. The
passenger load factor was 77.7% and increased by 4.5 percentage points compared
to February last year, the highest load factor until now in February. 

Passengers on regional flights and Greenland flights were 20 thousand in
February, which is 2% decrease from February last year.  The capacity was
decreased by 6% compared to February 2014.  The load factor was 74.3%,
increasing by 4.1 percentage points from last year.  Sold block hours in
charter flights decreased by 7% between years.  Cargo transport decreased by
0.7% year-on-year. The number of sold room nights at our Hotels was up by 10%
from previous year. The room utilization was 79.9%, compared to 72.6% in
February last year. 



INTERNATIONAL FLIGHTS       FEB 15   FEB 14  CHG (%)   YTD 15   YTD 14   CHG (%)
--------------------------------------------------------------------------------
Number of Passengers       143,609  115,889      24%  294,239  240,610       22%
Load Factor                  77.7%    73.2%  4.5 ppt    77.2%    71.8%   5.5 ppt
Available Seat KM            528.3    443.4      19%  1,118.5    962.6       16%
 (ASK´000,000)                                                                  
REGIONAL AND GREENLAND      FEB 15   FEB 14  CHG (%)   YTD 15   YTD 14   CHG (%)
 FLIGHTS                                                                        
--------------------------------------------------------------------------------
Number of Passengers        20,293   20,649      -2%   39,930   41,033       -3%
Load Factor                  74.3%    70.2%  4.1 ppt    70.6%    69.6%   1.0 ppt
Available Seat KM              8.6      9.1      -6%     17.6     18.4       -4%
 (ASK´000,000)                                                                  
CHARTER FLIGHTS             FEB 15   FEB 14  CHG (%)   YTD 15   YTD 14   CHG (%)
--------------------------------------------------------------------------------
Fleet Utilization           100.0%   100.0%  0.0 ppt    93.8%    93.0%   0.8 ppt
Sold Block Hours             1,686    1,820      -7%    3,354    4,307      -22%
CARGO                       FEB 15   FEB 14  CHG (%)   YTD 15   YTD 14   CHG (%)
--------------------------------------------------------------------------------
Available Tonne KM          14,546   12,422      17%   29,589   26,056       14%
 (ATK´000)                                                                      
Freight Tonne KM             7,452    7,504      -1%   15,108   15,486       -2%
 (FTK´000)                                                                      
HOTELS                      FEB 15   FEB 14  CHG (%)   YTD 15   YTD 14   CHG (%)
--------------------------------------------------------------------------------
Available Hotel Room        20,692   20,720       0%   43,601   43,660        0%
 Nights                                                                         
Sold Hotel Room Nights      16,537   15,051      10%   31,928   26,839       19%
Utilization of Hotel         79.9%    72.6%  7.3 ppt    73.2%    61.5%  11.8 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 - February 2015.pdf