Icelandair Group hf. - Company Announcement

Traffic Data February 2016

The Company carried 181 thousand passengers on international flights in
February.  The number of passengers rose by 26%. The capacity increase was 23%.
The load factor was 79.0% and increased by 1.6 percentage points, which is a
record for February. The number of passenger increased on all markets with the
highest increase on the tourist market TO Iceland, 31%. 

Passengers on regional flights and Greenland flights were 22 thousand in
February, which is 8% increase.  The capacity was increased by 4%.  The load
factor was 77.4%, increasing by 2.9 percentage points.  Sold block hours in
charter flights increased by 15%. Cargo transport increased by 14%. The number
of sold hotel room nights was up by 16%. The room utilisation was 84.0%,
compared to 79.9% last year. 



INTERNATIONAL FLIGHTS       FEB 16   FEB 15  CHG (%)   YTD 16   YTD 15   CHG (%)
--------------------------------------------------------------------------------
Number of Passengers       180,758  143,413      26%  354,580  294,029       21%
Load Factor                  79.0%    77.4%  1.6 ppt    76.6%    77.1%  -0.5 ppt
Available Seat KM            652.7    528.7      23%  1,353.7  1,118.9       21%
 (ASK´000,000)                                                                  
                                                                                
REGIONAL AND GREENLAND      FEB 16   FEB 15  CHG (%)   YTD 16   YTD 15   CHG (%)
 FLIGHTS                                                                        
--------------------------------------------------------------------------------
Number of Passengers        21,968   20,293       8%   42,353   39,930        6%
Load Factor                  77.4%    74.5%  2.9 ppt    73.6%    70.8%   2.8 ppt
Available Seat KM              8.9      8.5       4%     18.0     17.6        2%
 (ASK´000,000)                                                                  
                                                                                
CHARTER FLIGHTS             FEB 16   FEB 15  CHG (%)   YTD 16   YTD 15   CHG (%)
--------------------------------------------------------------------------------
Fleet Utilisation           100.0%   100.0%  0.0 ppt   100.0%   100.0%   0.0 ppt
Sold Block Hours             1,940    1,686      15%    4,088    3,354       22%
                                                                                
CARGO                       FEB 16   FEB 15  CHG (%)   YTD 16   YTD 15   CHG (%)
--------------------------------------------------------------------------------
Available Tonne KM          16,469   14,552      13%   33,767   29,595       14%
 (ATK´000)                                                                      
Freight Tonne KM             8,661    7,575      14%   17,291   15,330       13%
 (FTK´000)                                                                      
                                                                                
HOTELS                      FEB 16   FEB 15  CHG (%)   YTD 16   YTD 15   CHG (%)
--------------------------------------------------------------------------------
Available Hotel Room        22,765   20,692      10%   47,100   43,601        8%
 Nights                                                                         
Sold Hotel Room Nights      19,117   16,537      16%   33,899   31,928        6%
Utilisation of Hotel         84.0%    79.9%  4.1 ppt    72.0%    73.2%  -1.3 ppt
 Rooms                                                                          



For further 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 - February.pdf