Icelandair Group hf. - Company Announcement

Traffic Data October 2011

The number of Icelandair´s passengers in the first 10 months of the year is
already 60 thousand higher than for the full year 2010 

Icelandair carried 146 thousand passengers in October, an increase of 13% as
compared to October last year. The capacity increase in October was 18% and the
seat load factor was 81.5%, which corresponds to a decrease of 0.9 percentage
points as compared to October 2010. The number of passengers increased in all
markets, with the highest increase of 18% in the market to Iceland.  Icelandair
transported 1,540 thousand passengers in the first 10 months of 2011, which is
60 thousand passengers more as compared to the full year 2010. 

Air Iceland carried 29 thousand passengers in October, which was a decrease of
4% from October last year.  Seat load factor was 67.6%.  Sold hours in the
capacity sector decreased by 13%. Freight increased by 7%. 

The number of available hotel room nights at Icelandair Hotels was up by 12%
from last year and the room utilization rate was 63.4%. 



ICELANDAIR                     OCT 11   CHG (%)     YTD 11   CHG (%)
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Number of Passengers (PAX)    146,235       13%  1,539,502       19%
Load Factor (%)                 81.5%  -0.9 ppt      79.8%   0.8 ppt
Available Seat KM (ASK´000)   514,649       18%  5,407,289       20%
AIR ICELAND                    OCT 11   CHG (%)     YTD 11   CHG (%)
--------------------------------------------------------------------
Number of Passengers (PAX)     29,387       -4%    301,305        3%
Load Factor (%)                 67.6%  -4.0 ppt      69.6%   1.1 ppt
Available Seat KM (ASK´000)    14,078        7%    155,570        9%
CAPACITY                       OCT 11   CHG (%)     YTD 11   CHG (%)
--------------------------------------------------------------------
Fleet Utilization (%)          100.0%   4.0 ppt      93.1%  -0.4 ppt
Sold Block Hours                2,561      -13%     29,164        2%
ICELANDAIR CARGO               OCT 11   CHG (%)     YTD 11   CHG (%)
--------------------------------------------------------------------
Available Tonne KM (ATK´000)   14,343       12%    144,609       11%
Freight Tonne KM (FTK´000)      7,061        7%     62,752        2%
ICELANDAIR HOTELS              OCT 11   CHG (%)     YTD 11   CHG (%)
--------------------------------------------------------------------
Available Hotel Room Nights    18,445       12%    217,297        6%
Sold Hotel Room Nights         11,688       19%    154,136        9%
Utilization of Hotel Rooms      63.4%   3.8 ppt      70.9%   1.8 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

Attachments:

Traffic Data October2011.pdf