Icelandair Group hf. - Company Announcement

Traffic Data July 2014

The Company carried 355 thousand passengers on international flights in July.
The number of passengers was up by 16% as compared to July last year.  The
company has never before carried more passengers in a single month. It is also
the first time that the company carries within a month a higher number of
passengers then equates to the Icelandic population. The capacity increase
totalled 19% between years. The passenger load factor was 85.9% compared to
86.1% at the same time last year. 

Passengers on regional flights and Greenland flights were just over 32 thousand
in July.  The capacity was increased by 4% compared to July 2013.  The load
factor was 72.2%, decreasing by 1.5 percentage points from last year.  Sold
block hours in charter flights decreased by 26% between years.  Cargo transport
increased by 9% year-on-year. The number of sold room nights at our Hotels was
unchanged compared to previous year. The room utilization was 89.1%, compared
to 89.2% in July last year. 



INTERNATIONAL          JUL 14   JUL 13   CHG (%)     YTD 14     YTD 13   CHG (%)
 FLIGHTS                                                                        
--------------------------------------------------------------------------------
Number of Passengers  355,046  306,206       16%  1,458,087  1,273,320       15%
Load Factor             85.9%    86.1%  -0.2 ppt      79.7%      79.4%   0.3 ppt
Available Seat KM     1,225.3  1,033.2       19%    5,429.5    4,647.6       17%
 (ASK´000,000)                                                                  
REGIONAL AND           JUL 14   JUL 13   CHG (%)     YTD 14     YTD 13   CHG (%)
 GREENLAND FLIGHTS                                                              
--------------------------------------------------------------------------------
Number of Passengers   32,370   32,493     -0.4%    171,019    181,724       -6%
Load Factor             72.2%    73.7%  -1.5 ppt      70.6%      71.2%  -0.6 ppt
Available Seat KM        21.1     20.2        4%       86.5       90.1       -4%
 (ASK´000,000)                                                                  
CHARTER FLIGHTS        JUL 14   JUL 13   CHG (%)     YTD 14     YTD 13   CHG (%)
--------------------------------------------------------------------------------
Fleet Utilization       90.6%   100.0%  -9.4 ppt      95.7%      90.4%   5.3 ppt
Sold Block Hours        1,796    2,423      -26%     12,460     16,589      -25%
CARGO                  JUL 14   JUL 13   CHG (%)     YTD 14     YTD 13   CHG (%)
--------------------------------------------------------------------------------
Available Tonne KM     24,456   21,538       14%    125,653    113,973       10%
 (ATK´000)                                                                      
Freight Tonne KM        8,116    7,422        9%     57,103     54,352        5%
 (FTK´000)                                                                      
HOTELS                 JUL 14   JUL 13   CHG (%)     YTD 14     YTD 13   CHG (%)
--------------------------------------------------------------------------------
Available Hotel Room   41,540   41,416      0.3%    189,793    189,032      0.4%
 Nights                                                                         
Sold Hotel Room        37,023   36,923      0.3%    144,023    136,587        5%
 Nights                                                                         
Utilization of Hotel    89.1%    89.2%  -0.1 ppt      75.9%      72.3%   3.6 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