Icelandair has San Francisco SFO to Munich MUC tickets on sale from $410.51 round tip for travel departures January 14 to March 11, 2019. Lowest fares are Monday departures.
This is a carry-on only fare. Add $50 each way for one checked bag. This is still a good value ticket at $511.
Icelandair light fares also include the option to stopover in Iceland for up to 3 days.
Icelandair San Francisco SFO – Reykjavik KEF – Munich MUC – KEF – SFO