Icelandair Group — Earnings Release 2015

May 6, 2015

Traffic Data April 2015

Traffic Data April 2015

The Company carried around 190 thousand passengers on international flights in
April. The number of passengers was up by 8% as compared to April last year.
The capacity increase in April totalled 3% between years. The passenger load
factor was 82.2% compared to 79.2% at the same time last year, the highest load
factor until now in April.

Passengers on regional flights and Greenland flights were 22 thousand in April,
which is 1% decrease from April last year. The capacity was increased by 1%
compared to April 2014. The load factor was 69.5%, increasing by 0.5
percentage points from last year. Sold block hours in charter flights
increased by 35% between years and cargo transport decreased by 9%
year-on-year. The number of sold room nights at our Hotels was 15 thousand and
the room utilisation was 68.5%, compared to 69.2% in April last year.

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

Number of Passengers 189,635 175,896 8% 666,856 575,858 16%
Load Factor 82.2% 79.2% 3.0 ppt 80.0% 75.8% 4.2 ppt
Available Seat KM 681.8 659.3 3% 2,457.6 2,237.9 10%
(ASK´000,000)
REGIONAL AND GREENLAND APR 15 APR 14 CHG (%) YTD 15 YTD 14 CHG (%)
FLIGHTS

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Number of Passengers 22,139 22,419 -1% 85,252 87,541 -3%
Load Factor 69.5% 69.1% 0.5 ppt 70.9% 70.2% 0.7 ppt
Available Seat KM 10.6 10.5 1% 39.0 40.0 -3%
(ASK´000,000)
CHARTER FLIGHTS APR 15 APR 14 CHG (%) YTD 15 YTD 14 CHG (%)

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Fleet Utilisation 100.0% 100.0% 0.0 ppt 96.9% 91.2% 5.7 ppt
Sold Block Hours 1,978 1,468 35% 7,195 7,581 -5%
CARGO APR 15 APR 14 CHG (%) YTD 15 YTD 14 CHG (%)

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Available Tonne KM 16,482 16,077 3% 63,123 57,374 10%
(ATK´000)
Freight Tonne KM 7,489 8,229 -9% 31,982 32,515 -2%
(FTK´000)
HOTELS APR 15 APR 14 CHG (%) YTD 15 YTD 14 CHG (%)

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Available Hotel Room 22,170 22,170 0% 88,680 88,739 0%
Nights
Sold Hotel Room Nights 15,194 15,336 -1% 65,183 60,148 8%
Utilisation of Hotel 68.5% 69.2% -0.6 ppt 73.5% 67.8% 5.7 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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