Icelandair Group hf. - Company Announcement

Traffic Data October 2015

The Company carried 254 thousand passengers on international flights in
October. The number of passengers was up by 19% as compared to October last
year. The capacity increase totalled 16% between years. The passenger load
factor was 83.6% compared to 81.4% at the same time last year. The load factor
has never been higher in October and furthermore the Company has never carried
more passengers in October before.  The number of passengers on the tourist
market to Iceland increased the most or by 31.8%. 

Passengers on regional flights and Greenland flights were 25 thousand in
October, which is 3% increase from October last year. The capacity was
increased by 1% compared to October 2014. The load factor was 74.9%, increasing
by 1.6 percentage points from last year. Sold block hours in charter flights
increased by 28% between years. Cargo transport increased by 4% year-on-year.
The room utilization at our Hotels was 72.3%. 



INTERNATIONAL FLIGHTS    OCT 15   OCT 14  CHG (%)     YTD 15     YTD 14  CHG (%)
--------------------------------------------------------------------------------
Number of Passengers    253,868  212,902      19%  2,697,701  2,285,197      18%
Load Factor               83.6%    81.4%  2.2 ppt      83.9%      80.8%  3.1 ppt
Available Seat KM         908.3    780.8      16%    9,652.1    8,430.6      14%
 (ASK´000,000)                                                                  
REGIONAL AND GREENLAND   OCT 15   OCT 14  CHG (%)     YTD 15     YTD 14  CHG (%)
 FLIGHTS                                                                        
--------------------------------------------------------------------------------
Number of Passengers     24,758   23,954       3%    256,147    253,271       1%
Load Factor               74.9%    73.3%  1.6 ppt      74.3%      71.8%  2.5 ppt
Available Seat KM          10.5     10.4       1%      128.3      129.8      -1%
 (ASK´000,000)                                                                  
CHARTER FLIGHTS          OCT 15   OCT 14  CHG (%)     YTD 15     YTD 14  CHG (%)
--------------------------------------------------------------------------------
Fleet Utilization        100.0%   100.0%  0.0 ppt      98.7%      90.0%  8.7 ppt
Sold Block Hours          2,176    1,705      28%     19,611     17,668      11%
CARGO                    OCT 15   OCT 14  CHG (%)     YTD 15     YTD 14  CHG (%)
--------------------------------------------------------------------------------
Available Tonne KM       20,246   18,449      10%    208,090    184,372      13%
 (ATK´000)                                                                      
Freight Tonne KM          9,206    8,866       4%     83,183     81,760       2%
 (FTK´000)                                                                      
HOTELS                   OCT 15   OCT 14  CHG (%)     YTD 15     YTD 14  CHG (%)
--------------------------------------------------------------------------------
Available Hotel Room     24,118   22,909       5%    278,133    271,694       2%
 Nights                                                                         
Sold Hotel Room Nights   17,443   16,541       5%    223,481    211,017       6%
Utilization of Hotel      72.3%    72.2%  0.1 ppt      80.4%      77.7%  2.7 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 - Oktober.pdf