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Stunning new images of the steaming lava flows pouring out over snow-capped mountains have emerged, including drone footage which shows the extent of the 2.5 mile (4km) chasm.
The aircraft was called to the eruption site on the Reykjanes peninsula to search for the hiker, who flagged down the passing helicopter using SOS signals, the Icelandic coast guard said.
A volcanic eruption on Iceland's Reykjanes peninsula that began on Monday (Dec. 18) appears to be slowing down, but only time will tell how long the unrest will last, officials say.
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Fagradalsfjall could be moments away from an eruption, while other volcanoes in the world rumble to life.