Icelandair Group — Earnings Release 2015

Jun 7, 2015

Traffic Data May 2015

Traffic Data May 2015

The Company carried 267 thousand passengers on international flights in May.
The number of passengers was up by 22% as compared to May last year. The
capacity increase in available seat kilometers was 19%. The passenger load
factor was 79.7%, increasing by 2.2 percentage points compared to the same
month last year.

Passengers on regional flights and Greenland flights were 24 thousand in May,
which is 2% increase from May last year. The capacity was increased by 2%.
The load factor was 70.3%, decreasing by 0.5 percentage points from last year.
Sold block hours in charter flights increased by 21% between years. Cargo
transport decreased by 3% year-on-year. The number of available room nights at
our Hotels was up by 2% from previous year. The room utilization was 79.0%,
compared to 80.1% in May last year.

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

Number of Passengers 266,782 218,670 22% 933,635 794,528 18%
Load Factor 79.7% 77.5% 2.2 ppt 79.9% 76.2% 3.7 ppt
Available Seat KM 1,009.5 849.2 19% 3,467.1 3,087.0 12%
(ASK´000,000)
REGIONAL AND GREENLAND MAY 15 MAY 14 CHG (%) YTD 15 YTD 14 CHG (%)
FLIGHTS

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Number of Passengers 24,420 23,909 2% 109,672 111,450 -2%
Load Factor 70.3% 70.8% -0.5 ppt 70.8% 70.3% 0.5 ppt
Available Seat KM 11.0 10.7 2% 50.0 50.8 -2%
(ASK´000,000)
CHARTER FLIGHTS MAY 15 MAY 14 CHG (%) YTD 15 YTD 14 CHG (%)

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Fleet Utilization 100.0% 87.5% 12.5 ppt 97.5% 90.1% 7.4 ppt
Sold Block Hours 1,794 1,486 21% 8,989 9,067 -1%
CARGO MAY 15 MAY 14 CHG (%) YTD 15 YTD 14 CHG (%)

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Available Tonne KM 21,715 19,017 14% 84,838 76,391 11%
(ATK´000)
Freight Tonne KM 8,212 8,460 -3% 40,194 40,975 -2%
(FTK´000)
HOTELS MAY 15 MAY 14 CHG (%) YTD 15 YTD 14 CHG (%)

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Available Hotel Room 23,839 23,485 2% 112,519 112,224 0%
Nights
Sold Hotel Room Nights 18,839 18,817 0% 84,022 78,965 6%
Utilization of Hotel 79.0% 80.1% -1.1 ppt 74.7% 70.4% 4.3 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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