Icelandair Group hf. - Company Announcement

Traffic Data March 2014

The Company carried 159 thousand passengers on international flights in March. 
The number of passengers was up by 10% as compared to March last year.  The
capacity increase in available seat kilometers was 17%. The capacity increase
to North-America was 28%, due to flights to new destination Edmonton and
increased frequency to Toronto and Washington.  The capacity increase on
European routes totalled 5%. The passenger load factor was 78.2%, decreasing by
1.1 percentage points compared to March last year. 

Passengers on regional flights and Greenland flights were 24 thousand in March,
which is 7% decrease from March last year.  The capacity was decreased by 4%. 
The load factor was 72.0%, decreasing by 2.1 percentage points from last year. 
Sold block hours in charter flights decreased by 21% between years.  Cargo
transport increased by 10% year-on-year. The number of sold room nights at our
Hotels was up by 8% from previous year. The room utilization was 78.5%,
compared to 72.7% in March last year. 



INTERNATIONAL FLIGHTS             MAR 14   MAR 13   CHG (%)   YTD 14   CHG (%)
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Number of Passengers             159,314  144,997       10%  397,250       11%
Load Factor                        78.2%    79.2%  -1.1 ppt    74.3%   0.2 ppt
Available Seat KM (ASK´000,000)    615.9  526,363       17%  1,578.5       15%
REGIONAL AND GREENLAND FLIGHTS    MAR 14   MAR 13   CHG (%)   YTD 14   CHG (%)
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Number of Passengers              24,089   26,016       -7%   65,122       -8%
Load Factor                        72.0%    74.2%  -2.1 ppt    70.5%  -0.2 ppt
Available Seat KM (ASK´000,000)     11.1   11,578       -4%     29.5       -6%
CAPACITY                          MAR 14   MAR 13   CHG (%)   YTD 14   CHG (%)
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Fleet Utilization                 100.0%    90.0%  10.0 ppt   100.0%  18.0 ppt
Sold Block Hours                   1,807    2,275      -21%    6,113      -15%
CARGO                             MAR 14   MAR 13   CHG (%)   YTD 14   CHG (%)
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Available Tonne KM (ATK´000)      15,607   14,586        7%   42,828        7%
Freight Tonne KM (FTK´000)         8,799    7,994       10%   24,285        8%
HOTELS                            MAR 14   MAR 13   CHG (%)   YTD 14   CHG (%)
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Available Hotel Room Nights       22,909   22,940        0%   66,569        0%
Sold Hotel Room Nights            17,973   16,671        8%   44,812        7%
Utilization of Hotel Rooms         78.5%    72.7%   5.8 ppt    67.3%   4.4 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