Icelandair Group — Earnings Release 2016

May 6, 2016

Traffic Data April 2016

Traffic Data April 2016

The Company carried 214 thousand passengers on international flights in April.
The number of passengers was up by 13% as compared to April last year. The
capacity increase in available seat kilometers was 18%. The passenger load
factor was 80.6%, decreasing by 1.6 percentage points compared to the same
month last year.

Passengers on regional flights and Greenland flights were 23 thousand in April,
which is 6% increase from April last year. The capacity was increased by 1%.
The load factor was 71.9%, increasing by 1.9 percentage points from last year.
The number of sold block hours in charter flights remained the same between
years. Cargo transport increased by 16% year-on-year. The number of sold room
nights at our Hotels was up by 15% from previous year. The room utilisation was
74.3%, compared to 68.5% in April last year.

INTERNATIONAL FLIGHTS APR 16 APR 15 CHG (%) YTD 16 YTD 15 CHG (%)

Number of Passengers 213,535 189,717 13% 789,419 666,802 18%
Load Factor 80.6% 82.3% -1.6 ppt 79.7% 80.0% -0.3 ppt
Available Seat KM 805.4 681.8 18% 2,947.9 2,457.6 20%
(ASK´000,000)

REGIONAL AND GREENLAND APR 16 APR 15 CHG (%) YTD 16 YTD 15 CHG (%)
FLIGHTS

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Number of Passengers 23,373 22,139 6% 89,301 85,252 5%
Load Factor 71.9% 70.0% 1.9 ppt 73.0% 71.3% 1.7 ppt
Available Seat KM 10.7 10.6 1% 39.5 38.8 2%
(ASK´000,000)

CHARTER FLIGHTS APR 16 APR 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 1,985 1,978 0% 8,158 7,195 13%

CARGO APR 16 APR 15 CHG (%) YTD 16 YTD 15 CHG (%)

Available Tonne KM 21,827 16,483 32% 74,681 63,124 18%
(ATK´000)
Freight Tonne KM 8,716 7,489 16% 35,226 31,982 10%
(FTK´000)

HOTELS APR 16 APR 15 CHG (%) YTD 16 YTD 15 CHG (%)

Available Hotel Room 23,550 22,170 6% 94,985 88,680 7%
Nights
Sold Hotel Room Nights 17,486 15,194 15% 71,157 65,183 9%
Utilisation of Hotel 74.3% 68.5% 5.7 ppt 74.9% 73.5% 1.4 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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