Icelandair Group hf. - Company Announcement

Traffic Data October 2014

The Company carried 213 thousand passengers on international flights in
October. The number of passengers was up by 15% as compared to October last
year. The capacity increase totalled 12% between years. The passenger load
factor was 81.4% compared to 78.1% at the same time last year. The number of
passengers on the Trans-Atlantic market increased the most or by 23.6%. 

Passengers on regional flights and Greenland flights were 24 thousand in
October, which is 10% decrease from October last year. The capacity was
decreased by 13% compared to October 2013. The load factor was 73.3%,
increasing by 1.9 percentage points from last year. Sold block hours in charter
flights decreased by 25% between years. Cargo transport increased by 3%
year-on-year. The room utilization at our Hotels was 72.2%, compared to 61.9%
in October last year. 



INTERNATIONAL FLIGHTS   OCT 14   OCT 13   CHG (%)     YTD 14     YTD 13  CHG (%)
--------------------------------------------------------------------------------
Number of Passengers   212,904  184,835       15%  2,285,240  1,973,354      16%
Load Factor              81.4%    78.1%   3.3 ppt      80.8%      79.9%  0.9 ppt
Available Seat KM        780.8    696.6       12%    8,430.6    7,196.7      17%
 (ASK´000,000)                                                                  
REGIONAL AND            OCT 14   OCT 13   CHG (%)     YTD 14     YTD 13  CHG (%)
 GREENLAND FLIGHTS                                                              
--------------------------------------------------------------------------------
Number of Passengers    23,957   26,521      -10%    253,274    266,134      -5%
Load Factor              73.3%    71.4%   1.9 ppt      71.8%      71.5%  0.3 ppt
Available Seat KM         10.4     11.9      -13%      129.8      135.8      -4%
 (ASK´000,000)                                                                  
CHARTER FLIGHTS         OCT 14   OCT 13   CHG (%)     YTD 14     YTD 13  CHG (%)
--------------------------------------------------------------------------------
Fleet Utilization       100.0%    90.9%   9.1 ppt      95.6%      91.1%  4.5 ppt
Sold Block Hours         1,705    2,283      -25%     17,668     23,774     -26%
CARGO                   OCT 14   OCT 13   CHG (%)     YTD 14     YTD 13  CHG (%)
--------------------------------------------------------------------------------
Available Tonne KM      18,007   17,933        0%    186,814    172,422       8%
 (ATK´000)                                                                      
Freight Tonne KM         8,686    8,468        3%     81,406     78,606       4%
 (FTK´000)                                      
HOTELS                  OCT 14   OCT 13   CHG (%)     YTD 14     YTD 13  CHG (%)
--------------------------------------------------------------------------------
Available Hotel Room    22,909   22,940        0%    271,694    269,463       1%
 Nights                                                                         
Sold Hotel Room         16,541   14,206       16%    211,017    197,290       7%
 Nights                                                                         
Utilization of Hotel     72.2%    61.9%  10.3 ppt      77.7%      73.2%  4.5 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 - October.pdf