Icelandair Group hf. - Company Announcement

Traffic Data May 2012

Record passenger numbers and load factor on international flights in May

The Company carried roughly 165 thousand passengers on international flights in
May.  The number of passengers was up by 22% as compared to May last year.  The
passenger load factor was 82.2% and improved by 5.0 percentage points between
years. This is a record number of passengers and load factor for the month of
May.  The largest increase in passenger numbers was on the Trans-Atlantic
market and amounted to 31%.  The increase in number of tourists visiting
Iceland was 26%, thereof totalled the increase in number of tourists from
N-America 58%. The number of tourists from N-America has more than doubled in
the last 2 years.  The increase is mainly driven by new flights to Denver,
Washington and Seattle. 

Passengers on regional flights and Greenland flights were approximately 29
thousand in May, which was a 9% increase from May last year.  The load factor
was 70.1%, increasing by 5.6 percentage points compared to May 2011.  Sold
block hours in charter flights decreased by 23% in May.  The decrease is due to
one less aircraft being deployed in charter cargo flights than in May last
year. Cargo transport increased by 31% year-on-year. The number of available
room nights at our Hotels was up by 32% from previous year. The room
utilization was 71.1%, 0.2 percentage points lower than in May 2011. 



INTERNATIONAL FLIGHTS           MAY 12   CHG (%)     YTD 12   CHG (%)
---------------------------------------------------------------------
Number of Passengers           165,420       22%    606,780       19%
Load Factor                      82.2%   5.0 ppt      78.6%   4.1 ppt
Available Seat KM (ASK´000)    579,848       17%  2,149,893       14%
REGIONAL AND GREENLAND FLIGHS   MAY 12   CHG (%)     YTD 12   CHG (%)
---------------------------------------------------------------------
Number of Passengers            29,131        9%    137,538        4%
Load Factor                      70.1%   5.6 ppt      70.1%   2.1 ppt
Available Seat KM (ASK´000)     13,534        0%     62,882        0%
CHARTER FLIGHTS                 MAY 12   CHG (%)     YTD 12   CHG (%)
---------------------------------------------------------------------
Fleet Utilization                93.6%  -6.4 ppt      89.2%  -6.8 ppt
Sold Block Hours                 2,485      -23%     13,166      -11%
CARGO                           MAY 12   CHG (%)     YTD 12   CHG (%)
---------------------------------------------------------------------
Available Tonne KM (ATK´000)    15,917       16%     64,699       10%
Freight Tonne KM (FTK´000)       8,668       31%     37,502       22%
HOTELS                          MAY 12   CHG (%)     YTD 12   CHG (%)
---------------------------------------------------------------------
Available Hotel Room Nights     21,793       32%     95,021       18%
Sold Hotel Room Nights          15,497       32%     61,710       31%
Utilization of Hotel Rooms       71.1%  -0.2 ppt      64.9%   6.4 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 - May 2012.pdf