Icelandair Group hf.: Traffic Data January 2018

The number of passenger on international flights was 209 thousand in January
and increased by 2% compared to January last year. The capacity increase was 6%
and the passenger load factor was 72.2% compared to 73.6% in January last year.
The number of passengers on domestic and regional flights amounted to 22
thousand, increasing by 10% compared to January last year.  The capacity in
January was 25% higher than in January last year, due to flights to Belfast in
cooperation with Icelandair, which started in June 2017 and flights on the
route between Keflavikur and Akureyri which started end of February 2017.  The
passenger load factor was 57.8%. Sold block hours in charter flights remained
unchanged between years. Freight increased by 42% due to more import to
Iceland, but a strike in the seafood industry in Iceland last year, which
effected the export of fish negatively, also affects the comparison. The number
of sold room nights at the Company's Hotels was down by 3% from last year. The
room utilisation was 69.2% compared to 69.2% in January 2017. 

INTERNATIONAL FLIGHTS             JAN 18   JAN 17   CHG (%)
-----------------------------------------------------------
Number of Passengers             209,398  205,734        2%
Load Factor                        72.3%    73.6%  -1.3 ppt
Available Seat KM (ASK'000,000)    907.0    855.2        6%
                                                           
DOMESTIC AND REGIONAL FLIGHTS     JAN 18   JAN 17   CHG (%)
-----------------------------------------------------------
Number of Passengers              22,299   20,225       10%
Load Factor                        57.8%    62.2%  -4.4 ppt
Available Seat KM (ASK'000,000)     14.0     11.1       25%
                                                           
CHARTER FLIGHTS                   JAN 18   JAN 17   CHG (%)
-----------------------------------------------------------
Fleet Utilisation                 100.0%    88.9%  11.1 ppt
Sold Block Hours                   1,848    1,848        0%
                                                           
CARGO                             JAN 18   JAN 17   CHG (%)
-----------------------------------------------------------
Freight Tonne KM (FTK'000)        10,498    7,398       42%
                                                           
HOTELS                            JAN 18   JAN 17   CHG (%)
-----------------------------------------------------------
Available Hotel Room Nights       27,807   27,807        0%
Sold Hotel Room Nights            18,708   19,234       -3%
Occupancy of Hotel Rooms           67.3%    69.2%  -1.9 ppt

For further 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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