Icelandair Group hf.: Traffic Data March 2018

The Company carried 260 thousand passengers on international flights in March.
The number of passengers was up by 4% as compared to March last year. The
capacity increase between years was 7%. The passenger load factor was 81.9%
compared to 80.7% at the same time last year. Passengers on domestic and
regional flights were 28 thousand, which is 2% decrease from last year. The
capacity was 7% higher than in March 2017. The load factor was 59.9%. Sold
block hours in charter flights increased by 25% between years. Cargo transport
increased by 5% year-on-year. 

The number of available hotel room nights increased by 4% between years due to
the opening of Reykjavik Konsulat Hotel in the center of Reykjavik. The room
utilisation at the Company's Hotels decreased between years was 78.0% compared
to 86.0% in March 2017. Less occupancy is mainly explained by the Reykjavik
Konsulat Hotel.  The first operating month of a new hotel is usually low in
occupancy since it has only been bookable for a short period of time. 

INTERNATIONAL FLIGHTS      MAR 18   MAR 17   CHG (%)   YTD 18   YTD 17   CHG (%)
--------------------------------------------------------------------------------
Number of Passengers      259,947  248,865        4%  659,153  654,863        1%
Load Factor                 81.9%    80.7%   1.2 ppt    76.3%    76.9%  -0.6 ppt
Available Seat KM         1,000.1    938.6        7%  2,675.6  2,566.6        4%
(ASK'000,000)                                                                   
                                                                                
DOMESTIC AND               MAR 18   MAR 17   CHG (%)   YTD 18   YTD 17   CHG (%)
REGIONAL FLIGHTS                                                                
--------------------------------------------------------------------------------
Number of Passengers       28,294   28,752       -2%   72,443   71,471        1%
Load Factor                 59.9%    62.3%  -2.4 ppt    60.0%    63.9%  -3.9 ppt
Available Seat KM            17.5     16.4        7%     44.0     38.8       13%
(ASK'000,000)                                                                   
                                                                                
CHARTER FLIGHTS            MAR 18   MAR 17   CHG (%)   YTD 18   YTD 17   CHG (%)
--------------------------------------------------------------------------------
Fleet Utilisation          100.0%   100.0%   0.0 ppt   100.0%    99.0%   1.0 ppt
Sold Block Hours            2,949    2,360       25%    8,658    6,078       42%
                                                                                
CARGO                      MAR 18   MAR 17   CHG (%)   YTD 18   YTD 17   CHG (%)
--------------------------------------------------------------------------------
Freight Tonne KM           10,546   10,005        5%   30,537   24,927       23%
 (FTK'000)                                                                      
                                                                                
HOTELS                     MAR 18   MAR 17   CHG (%)   YTD 18   YTD 17   CHG (%)
--------------------------------------------------------------------------------
Available Hotel Room       28,872   27,807        4%   79,765   80,730       -1%
 Nights                                                                         
Sold Hotel Room Nights     22,509   23,912       -6%   61,720   64,657       -5%
Occupancy of Hotel Rooms    78.0%    86.0%  -8.0 ppt    77.4%    80.1%  -2.7 ppt

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=672590