Each kind of ticket has a different luggage policy on Icelandair baggage Policy. Economy Light only allows carry-on luggage, however Economy Standard allows one free checked bag and one carry-on. While Saga Premium offers two checked bags plus an extra carry-on, Economy Flex only permits two checked bags and a carry-on. The weight limits for checked luggage are normally 23 kg (50 lbs) for Economy and 32 kg (70 lbs) for Saga Premium.