Icelandair Group — Earnings Release 2014

Oct 6, 2014

Traffic Data September 2014

Traffic Data September 2014

The Company carried 260 thousand passengers on international flights in
September. The number of passengers was up by 21% as compared to September
last year. The capacity increase compared to September 2013 was 21%. The
passenger load factor was 79.7% compared to 77.6% last year. The number of
passengers on the Trans-Atlantic market increased the most or by 33.9%.

Passengers on regional flights and Greenland flights were 26 thousand in
September, which was a 4% increase from September last year. The load factor
was 75.1%, increasing by 3.9 percentage points compared to September 2013.
Sold block hours in charter flights decreased by 35% between years. The
utilization of charter aircraft was 85.7% compared to 96.7% in 2013. Decrease
in utilization is due to maintenance work in September. Cargo transport
decreased by 3% year-on-year. The number of sold room nights at our hotels was
up by 17% from previous year. The room utilization was 81.3%, 11.5 percentage
points higher than in September 2013.

INTERNATIONAL SEP 14 SEP 13 CHG (%) YTD 14 YTD 13 CHG (%)
FLIGHTS

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Number of Passengers 260,447 215,035 21% 2,072,262 1,788,519 16%
Load Factor 79.7% 77.6% 2.1 ppt 80.7% 80.1% 0.6 ppt
Available Seat KM 996.2 821.2 21% 7,649.0 6,500.1 18%
(ASK´000,000)
REGIONAL AND SEP 14 SEP 13 CHG (%) YTD 14 YTD 13 CHG (%)
GREENLAND FLIGHTS

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Number of Passengers 25,944 24,961 4% 229,317 239,613 -4%
Load Factor 75.1% 71.2% 3.9 ppt 71.7% 71.5% 0.1 ppt
Available Seat KM 12.9 13.1 -2% 119.4 123.9 -4% (ASK´000,000)
CHARTER FLIGHTS SEP 14 SEP 13 CHG (%) YTD 14 YTD 13 CHG (%)

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Fleet Utilization 85.7% 96.7% -11.0 ppt 94.0% 91.1% 2.9 ppt
Sold Block Hours 1,544 2,389 -35% 15,963 21,491 -26%
CARGO SEP 14 SEP 13 CHG (%) YTD 14 YTD 13 CHG (%)

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Available Tonne KM 20,159 18,957 6% 169,289 154,490 10%
(ATK´000)
Freight Tonne KM 8,315 8,541 -3% 72,719 70,139 4%
(FTK´000)
HOTELS SEP 14 SEP 13 CHG (%) YTD 14 YTD 13 CHG (%)

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Available Hotel Room 23,142 22,956 1% 248,785 246,523 1%
Nights
Sold Hotel Room 18,806 16,025 17% 194,476 183,084 6%
Nights
Utilization of Hotel 81.3% 69.8% 11.5 ppt 78.2% 74.3% 3.9 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

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