The icelandair baggage fees varies according on the route and class of ticket. Generally speaking, checked luggage is not included with Economy Light tickets; there are fees for each bag. While Economy Flex permits two free checked bags, Economy Standard only allows one. There are two free checked bags with Saga Premium. Overweight or large luggage may be charged extra. Generally, carry-on luggage is free, however there may be charges if it is larger than allowed.