Pilots Actions Banned

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| Source: Icelandair Group hf.
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Althingi, the Icelandic Parliament, has banned all industrial actions that the Icelandic Airline Pilots Association (FIA) has announced and enforced against Icelandair Group. An arbitration court will decide pilots’ wages and benefits before July 1st 2014 if FIA and Icelandair Group have not reached an agreement before June 1st 2014. It is not certain what Icelandair Group’s loss due to FIA’s actions will be.

  

Further information:

Bjorgolfur Johannsson, President and CEO
bjorgolfur@icelandairgroup.is
+ 354 896 1455

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