Icelandair Group hf. - Company Announcement

Pilots Actions Banned

Althingi, the Icelandic Parliament, has banned all industrial actions that the
Icelandic Airline Pilots Association (FIA) has announced and enforced against
Icelandair Group. An arbitration court will decide pilots' wages and benefits
before July 1st 2014 if FIA and Icelandair Group have not reached an agreement
before June 1st 2014. It is not certain what Icelandair Group's loss due to
FIA's actions will be. 



Further information:

Bjorgolfur Johannsson, President and CEO
bjorgolfur@icelandairgroup.is
+ 354 896 1455

Bogi Nils Bogason, CFO
bogi@icelandairgroup.is
+ 354 665 8801