Icelandair Group hf.
Company Announcement

News regarding the booking status

News regarding the booking status on certain international routes has led to speculation that Icelandair Group’s (the Group) results this year might be worse than was anticipated in the forecast for 2014. This is not the case as nothing has been made public in said news that has not already been disclosed in the Group’s announcements to the NASDAQ OMX Iceland. It was announced, that bookings for the first three months of the year were off to a slower start than anticipated, in a press release that was published with the 2013 results in the NASDAQ OMX Iceland on 6 February of this year. The forecast has not changed when taken as a whole, although some aspects might be slightly better than anticipated and others slightly worse. The booking status for the peak season, and the second half of the year, is stronger than anticipated in the Company's initial plans as was disclosed in the release on February 6^th.

Further information:

Bjorgólfur Jóhannsson, President and CEO
bubbi@icelandairgroup.is
+ 354 896 1455

Bogi Nils Bogason, CFO
bogi@icelandairgroup.is
+ 354 665 8801