Icelandair Group to increase its capacity in international flights by 15% next year

Icelandair Group to increase its capacity in international flights by 15% next
year

The international flight schedule for Icelandair Group in the year 2013 will be
the largest in the Company’s history and 15% more extensive than this year’s
schedule. Three new destinations will be added to the route network and
frequency of flights to various cities in the United States and Europe will be
increased. The number of the Company’s passengers in 2013 is projected to be
close to 2.3 million, as compared to an estimate of over 2 million in 2012. A
total of 18 Boeing 757 aircraft will be used to serve the Company’s route
network, two more than in the current year. According to the flight schedule
the growth is projected to be more over the winter than in the summer which is
in-line with the Company’s strategy to decrease seasonality in its operations.

If the travel industry will face adverse changes in the tax environment next
year, Icelandair Group will contemplate to shift its focus by carrying a lower
number of tourists to Iceland than in current plans and instead carry a higher
number of passengers between Europe and North-America.