Icelandair Group — Earnings Release 2015

Oct 6, 2015

Traffic Data September 2015

Traffic Data September 2015

The Company carried around 317 thousand passengers on international flights in
September. The number of passengers was up by 22% compared to September last
year. The capacity increase compared to September 2014 was 17%. The passenger
load factor was 83.1% compared to 79.8% last year. It is the Company's highest
ever load factor in September.

Passengers on regional flights and Greenland flights were 27 thousand in
September, which was a 3% increase from September last year. The load factor
was 77.8%, increasing by 2.7 percentage points compared to September 2014.
Sold block hours in charter flights increased by 30% between years. Cargo
transport increased by 5% year-on-year. The number of sold room nights at the
Company's hotels was up by 8% from previous year. The room utilization was
83.4%, 2.1 percentage points higher than in September 2014.

INTERNATIONAL FLIGHTS SEP 15 SEP 14 CHG (%) YTD 15 YTD 14 CHG (%)

Number of Passengers 316,603 260,514 22% 2,443,956 2,072,295 18%
Load Factor 83.1% 79.8% 3.3 ppt 83.9% 80.7% 3.2 ppt
Available Seat KM 1,168.3 996.2 17% 8,743.5 7,649.9 14%
(ASK´000,000)
REGIONAL AND SEP 15 SEP 14 CHG (%) YTD 15 YTD 14 CHG (%)
GREENLAND FLIGHTS

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Number of Passengers 26,657 25,944 3% 231,389 229,317 1%
Load Factor 77.8% 75.1% 2.7 ppt 74.3% 71.7% 2.6 ppt
Available Seat KM 12.8 12.9 0% 117.9 119.4 -1%
(ASK´000,000)
CHARTER FLIGHTS SEP 15 SEP 14 CHG (%) YTD 15 YTD 14 CHG (%)

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Fleet Utilization 100.0% 85.7% 14.3 ppt 98.6% 89.2% 9.4 ppt
Sold Block Hours 2,007 1,544 30% 17,435 15,963 9%
CARGO SEP 15 SEP 14 CHG (%) YTD 15 YTD 14 CHG (%)

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Available Tonne KM 22,764 19,825 15% 187,840 165,924 13%
(ATK´000)
Freight Tonne KM 8,733 8,353 5% 73,977 72,893 1%
(FTK´000)
HOTELS SEP 15 SEP 14 CHG (%) YTD 15 YTD 14 CHG (%)

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Available Hotel Room 24,276 23,142 5% 254,015 248,785 2%
Nights
Sold Hotel Room 20,240 18,806 8% 206,038 194,476 6%
Nights
Utilization of Hotel 83.4% 81.3% 2.1 ppt 81.1% 78.2% 2.9 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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