Wednesday, 8 August 2018

Icelandair July passengers down


The premier Icelandic airline, Icelandair saw passenger numbers fall by 5 percent in July to 519,000. The airline also saw its overall load factor fall down to 85.3 percent, with the biggest falls in the North America route market, down 8.9 percent over the same period last year. Routes to North America achieved 81.9 percent, whereas the routes to Europe saw increases up to 90.7 percent

The number of passengers on domestic and regional flights was just short of 32,000, decreasing by 14 percent compared to July last year. This large decrease was blamed on the fact that the airline halted flights to Belfast, Aberdeen and between Keflavik and Akureyri from the middle of May.

The airline is facing increased competition in the marketplace, particularly to  North America, which is driving down the fares, especially during peak travel periods. There has been a major cost-cutting and reorganisation exercise at Icelandair in recent times, which may see further cuts and amalgamations. 





INTERNATIONAL FLIGHTSJUL 18JUL 17CHG (%)YTD 18YTD 17CHG (%)
Number of Passengers519,332545,230-5%2,295,1852,297,5650%
Load Factor85.3%89.2%-3.9 ppt80.2%82.9%-2.7 ppt
Available Seat KM (ASK´000,000)1,942.31,906.92%9,010.28,560.45%
Revenue Passenger KM (RPK´000,000)1,656.31,700.6-3%7,230.67,100.92%
Stage length (KM)3,2443,0795%3,1723,0534%
       
DOMESTIC AND REGIONAL FLIGHTSJUL 18JUL 17CHG (%)YTD 18YTD 17CHG (%)
Number of Passengers31,52336,550-14%187,988197,078-5%
Load Factor72.4%69.7%2.6 ppt63.8%66.3%-2.5 ppt
Available Seat KM (ASK´000,000)19.026.7-29%111.9117.4-5%
       
CHARTER FLIGHTSJUL 18JUL 17CHG (%)YTD 18YTD 17CHG (%)
Fleet Utilisation90.9%100.0%-9.1 ppt93.4%96.7%-3.3 ppt
Sold Block Hours2,6692,4897%20,35315,15134%
       
CARGOJUL 18JUL 17CHG (%)YTD 18YTD 17CHG (%)
Freight Tonne KM (FTK´000)10,08110,778-6%70,92565,0049%
       
HOTELSJUL 18JUL 17CHG (%)YTD 18YTD 17CHG (%)
Available Hotel Room Nights51,47545,64713%230,979222,0804%
Sold Hotel Room Nights43,27639,8829%179,815178,3031%
Occupancy of Hotel Rooms84.1%87.4%-3.3 ppt77.8%80.3%-2.4 ppt
(photo Icelandair)
Related Posts Plugin for WordPress, Blogger...