Icelandair Group hf. - Company Announcement

Traffic Data September 2012

Number of passengers on international flights 18% more than in September 2011

The Company carried 198 thousand passengers on international flights in
September.  The number of passengers was up by 18% as compared to September
last year.  The capacity increase compared to September 2011 was 17%.  The
passenger load factor was 81.0 % compared to 78.0% last year. The number of
passengers on the Trans-Atlantic market increased the most. 

Passengers on regional flights and Greenland flights were slightly over 28
thousand in September, which was a 5% decrease from September last year.  The
load factor was 70%, increasing by 4.1 percentage points compared to September
2011.  Sold block hours in charter flights decreased by 5% in September.  The
decrease is due to one less aircraft being deployed in charter cargo flights
than last year. Cargo transport increased by 14% as compared to September last
year. The number of available room nights at our hotels was up by 24% from
previous year. The room utilization was 76.5%, 4.1 percentage points lower than
in September 2011. 



INTERNATIONAL FLIGHTS           SEP 12   CHG (%)     YTD 12   CHG (%)
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Number of Passengers           198,207       18%  1,597,757       15%
Load Factor                      81.0%   3.0 ppt      81.7%   2.1 ppt
Available Seat KM (ASK´000)    714,056       17%  5,571,273       14%
REGIONAL AND GREENLAND FLIGHS   SEP 12   CHG (%)     YTD 12   CHG (%)
---------------------------------------------------------------------
Number of Passengers            28,233       -5%    266,161        0%
Load Factor                      70.0%   4.1 ppt      68.5%  -0.8 ppt
Available Seat KM (ASK´000)     15,266       -6%    143,780        2%
CAPACITY                        SEP 12   CHG (%)     YTD 12   CHG (%)
---------------------------------------------------------------------
Fleet Utilization               100.0%   7.7 ppt      92.3%   0.0 ppt
Sold Block Hours                 2,578       -5%     24,009      -10%
CARGO                           SEP 12   CHG (%)     YTD 12   CHG (%)
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Available Tonne KM (ATK´000)    17,313       10%    138,782        7%
Freight Tonne KM (FTK´000)       7,911       14%     66,211       18%
HOTELS                          SEP 12   CHG (%)     YTD 12   CHG (%)
---------------------------------------------------------------------
Available Hotel Room Nights     22,200       24%    226,154       14%
Sold Hotel Room Nights          16,989       18%    170,312       20%
Utilization of Hotel Rooms       76.5%  -4.1 ppt      75.3%   3.7 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