Over the course of the last days, the employees of Icelandair Group have
worked
diligently to minimize the effects of the volcanic eruption in
Eyjafjallajokull
on the Group‘s operations. 
The eruption and the volcanic
ash have affected most companies within the
Group, in particular the
operations of Icelandair, Icelandair Cargo and
Bluebird. In addition, some
disruptions have been in the operations of Iceland
Travel and Vita. Icelandair
Group estimates that the Group‘s total daily loss
amounts to ISK 100 million
due to flight disruptions and other complications. 
Despite closures of
European airspace Icelandair has added new flights to its
schedule when
possible. Over the weekend Icelandair flew to Norway and Scotland
and
scheduled flights from Iceland to Finland and Sweden commenced this
morning.
Furthermore, several cargo flights have been operated between Iceland
and
Europe since the eruption started. 
According to the latest weather
information Keflavik airport will remain open
throughout the week. No
disruption has been in Icelandair‘s scheduled flights
to the USA and
Icelandair will continue to operate flights from Europe to the
USA over the
course of the week. 
Icelandair Group prides itself on offering best possible
services to its
customers. The company wants to extend its gratitude to its
clients which have
shown understanding of the inconvenience that this
situation has caused. 

For further information, please contact:
Björgólfur
Jóhannsson, CEO, tel.+354- 896 -1455
Bogi Nils Bogason, CFO,
tel.+354-665-8801