Icelandair Group hf.: Traffic Data December 2017

The Company carried 235 thousand passengers on international flights in
December. The number of passengers was up by 7% as compared to December 2016.
The capacity increase totalled 10% between years. The passenger load factor was
76.5% compared to 77.2% in December last year. The number of passengers on
domestic and regional flights was 23 thousand in December, increasing by 13%
between years.  The capacity increase in December was 18% and the seat load
factor was 58.7%. Sold block hours in charter flights increased by 55% between
years in December and cargo transport by 19% year-on-year. The room utilisation
at the Company's Hotels was 68.2%, compared to 67.9% in December last year. 

The Company has never carried more passengers on international flights than in
2017.  The total number of passengers carried was 4.0 million, a 10% increase
from previous year. The passenger load factor in 2017 was 82.5%, increasing by
0.3 percentage points from 2016. The total number of passenger on domestic and
regional flights was 349 thousand, increasing by 7%. Sold block hours on
charter flights increased by 17% and cargo transport was up by 11%. The room
utilisation at the Company's Hotels for the total year was 81.2% compared to
81.5% in 2016. 

INTERNATIONAL          DEC 17   DEC 16   CHG (%)     YTD 17     YTD 16   CHG (%)
 FLIGHTS                                                                        
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Number of Passengers  235,219  219,937        7%  4,037,503  3,674,417       10%
Load Factor             76.5%    77.2%  -0.7 ppt      82.5%      82.2%   0.3 ppt
Available Seat KM       945.9    861.2       10%   15,245.6   13,653.3       12%
 (ASK'000,000)                                                                  
                                                                                
DOMESTIC AND           DEC 17   DEC 16   CHG (%)     YTD 17     YTD 16   CHG (%)
 REGIONAL FLIGHTS                                                               
--------------------------------------------------------------------------------
Number of Passengers   23,279   20,603       13%    349,273    327,427        7%
Load Factor             58.7%    58.8%  -0.1 ppt      65.9%      68.3%  -2.5 ppt
Available Seat KM        14.6     12.4       18%      214.5      191.2       12%
 (ASK'000,000)                                                                  
                                                                                
CHARTER FLIGHTS        DEC 17   DEC 16   CHG (%)     YTD 17     YTD 16   CHG (%)
--------------------------------------------------------------------------------
Fleet Utilisation      100.0%    88.9%  11.1 ppt      98.1%      88.9%   9.2 ppt
Sold Block Hours        2,889    1,865       55%     27,460     23,523       17%
                                                                                
CARGO                  DEC 17   DEC 16   CHG (%)     YTD 17     YTD 16   CHG (%)
--------------------------------------------------------------------------------
Freight Tonne KM       10,236    8,576       19%    117,311    105,925       11%
 (FTK'000)                                                                      
                                                                                
HOTELS                 DEC 17   DEC 16   CHG (%)     YTD 17     YTD 16   CHG (%)
--------------------------------------------------------------------------------
Available Hotel Room   27,807   27,807        0%    371,289    352,214        5%
 Nights                                                                         
Sold Hotel Room        18,963   18,886        0%    301,302    287,160        5%
 Nights                                                                         
Occupancy of Hotel      68.2%    67.9%   0.3 ppt      81.2%      81.5%  -0.4 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

Attachment:
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