Icelandair: Traffic Data January 2022

The load factor on international flights was 60% compared to 39% in January 2021.The number of passengers on domestic flights was around 13,000 compared to 11,500 last year. The load factor on domestic flights was around 73% compared to around 60% in January 2021.Sold block hours on charter flights decreased by 15% compared to January 2021. Freight, measured in Freight Ton Kilometers, increased by 1% compared to January 2021.The Omicron variant negatively affected travel throughout...

The load factor on international flights was 60% compared to 39% in January 2021.

The number of passengers on domestic flights was around 13,000 compared to 11,500 last year. The load factor on domestic flights was around 73% compared to around 60% in January 2021.

Sold block hours on charter flights decreased by 15% compared to January 2021. Freight, measured in Freight Ton Kilometers, increased by 1% compared to January 2021.

The Omicron variant negatively affected travel throughout January resulting in a load factor at around 60% and total capacity at around 53% of 2019 levels. This short-term impact will continue into February. However, due to indications that the nature of this variant is less severe, the Company has started to see a positive turnaround in booking development for the months ahead.

The Company is committed to achieving improved environmental performance and has set clear goals and taken various measures to reduce carbon emissions from its operations. From January 2022, Icelandair will publish the total CO2 emissions as well as CO2 emissions per operational ton kilometer (OTK) as part of its monthly Traffic Data. CO2 emissions per OTK is a measurement of carbon emissions relative to carried passengers and cargo loads.

Route Network	Jan 22	Jan 21	CHG (%)	YTD 22	YTD 21	CHG (%)
Number of Passengers	113,403	23,214	389%	113,403	23,214	389%
Load Factor	59.6%	41.0%	18.6 ppt	59.6%	41.0%	18.6 ppt
Available Seat KM (ASK´000,000)	534.1	73	628%	534	73	628%
Revenue Passenger KM (RPK´000,000)	318.3	30	958%	318	30	958%
INTERNATIONAL FLIGHTS	Jan 22	Jan 21	CHG (%)	YTD 22	YTD 21	CHG (%)
To market (passengers)	40,374	5,748	602%	40,374	5,748	602%
From market (passengers)	23,334	5,375	334%	23,334	5,375	334%
Via market (passengers)	36,859	533	6815%	36,859	533	6815%
Number of Passengers	100,567	11,656	763%	100,567	11,656	763%
Load Factor	59.5%	39.4%	20.0 ppt	59.5%	39.4%	20.0 ppt
Available Seat KM (ASK´000,000)	529.5	67.8	680%	529.5	67.8	680%
Revenue Passenger KM (RPK´000,000)	314.9	26.8	1077%	314.9	26.8	1077%
Stage length (KM)	3,082	2,387	29%	3,082	2,387	29%
On-Time-Performance (Arrivals)	75.0%	83.0%	-10.0 ppt	73.0%	83.0%	-10.0 ppt
DOMESTIC FLIGHTS	Jan 22	Jan 21	CHG (%)	YTD 22	YTD 21	CHG (%)
Number of Passengers	12,836	11,558	11%	12,836	11,558	11%
Load Factor	72.9%	59.6%	13.3 ppt	72.9%	59.6%	13.3 ppt
Available Seat KM (ASK´000,000)	4.7	5.6	-16%	4.7	5.6	-16%
Cargo & Leasing	Jan 22	Jan 21	CHG (%)	YTD 22	YTD 21	CHG (%)
Sold Block Hours - Leasing	872	1,031	-15%	872	1,031	-15%
Freight Ton KM (FTK´000)	10,600	10,463	1%	10,600	10,463	1%
CO2 EMISSIONS	Jan 22	Jan 21	CHG (%)	YTD 22	YTD 21	CHG (%)
Total CO2 emissions in tons	41,594	11,398	265%	41,594	11,398	265%
CO2 emissions per OTK	1.07	1.96	-45%	1.07	1.96	-45%

Contact information:
Investors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: [email protected]
Media: Asdis Petursdottir, Director Communications. E-mail: [email protected]