Agreement signed with the Icelandic Cabin Crew Association – Strike postponed

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| Source: Icelandair Group hf.
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Icelandair Group and the Icelandic Cabin Crew Association (FFI) just signed a wage agreement that is valid until 31 August 2015. The agreement is in broad terms in line with agreements already signed on the Icelandic labor market this year. The agreement will now be presented to FFI members that will vote on the agreement and all labor actions against Icelandair have been postponed until the vote has been concluded.

Further information:

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

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