Icelandair Group hf.: Traffic Data November 2017

The Company carried 249 thousand passengers on international flights in
November. The number of passengers was up by 8% as compared to November last
year. The capacity increase between years was 11%. The passenger load factor
was 78.1% compared to 79.1% in the same month last year. Passengers on domestic
and regional flights were 26 thousand, which is 11% increase from last year.
The capacity increased by 22%, and the passenger load factor was 58.7%,
decreasing by 5 percentage points between years.  New routes from Keflavik to
Akureyri and Belfast are still being developed which explains the decline in
the load factor. Sold block hours in charter flights increased by 38% between
years. Cargo transport increased by 12% year-on-year. The room utilisation at
the Company's Hotels, was 75.5% compared to 76.5% in November 2016. 

INTERNATIONAL          NOV 17   NOV 16   CHG (%)     YTD 17     YTD 16   CHG (%)
 FLIGHTS                                                                        
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Number of Passengers  249,099  229,903        8%  3,817,003  3,454,480       10%
Load Factor             78.1%    79.1%  -1.0 ppt      83.1%      82.5%   0.6 ppt
Available Seat KM     1,000.6    897.9       11%   14,299.7   12,792.1       12%
 (ASK'000,000)                                                                  
                                                                                
DOMESTIC AND           NOV 17   NOV 16   CHG (%)     YTD 17     YTD 16   CHG (%)
 REGIONAL FLIGHTS                                                               
--------------------------------------------------------------------------------
Number of Passengers   26,507   23,819       11%    325,996    306,824        6%
Load Factor             58.7%    63.7%  -5.0 ppt      66.4%      69.0%  -2.6 ppt
Available Seat KM        16.0     13.2       22%      200.0      178.9       12%
 (ASK'000,000)                                                                  
                                                                                
CHARTER FLIGHTS        NOV 17   NOV 16   CHG (%)     YTD 17     YTD 16   CHG (%)
--------------------------------------------------------------------------------
Fleet Utilisation      100.0%   100.0%   0.0 ppt      97.9%      92.3%   5.6 ppt
Sold Block Hours        2,448    1,770       38%     24,571     21,659       13%
                                                                                
CARGO                  NOV 17   NOV 16   CHG (%)     YTD 17     YTD 16   CHG (%)
--------------------------------------------------------------------------------
Freight Tonne KM       10,127    9,026       12%    106,972     97,349       10%
 (FTK'000)                                                                      
                                                                                
              HOTELS   NOV 17   NOV 16   CHG (%)     YTD 17     YTD 16   CHG (%)
--------------------------------------------------------------------------------
Available Hotel Room   26,880   26,910        0%    343,482    324,407        6%
 Nights                                                                         
Sold Hotel Room        20,305   20,579       -1%    282,339    268,274        5%
 Nights                                                                         
Utilisation of Hotel    75.5%    76.5%  -0.9 ppt      82.2%      82.7%  -0.5 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

Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=656078