Friday, 7 September 2018

Icelandair Group release August figures

The beleaguered Icelandair Group released its latest figures this week which showed that passenger numbers decreased by 1% in August over the same month last year.

The total number of passengers on international flights were 522,925,  load factor was also down by 1.9%. The capacity measured in available seat kilometres (ASK) increased by 3%.  The number of available seats (AS) decreased by 3%.  The difference is more capacity to North America between years resulting in 6% higher average stage length in kilometres between years.   

Load factors on Icelandair´s routes in Europe were 90.8%, an increase of 5.8 percentage points from last year while load factors to North America were 83.1%, a decrease of 6.7 percentage points from last year. The number of passengers travelling from Iceland and on the tourist market to Iceland increased between years, but passengers on the North Atlantic market decreased compared to last year.


The number of passengers on domestic and regional flights was just short of 33 thousand, decreasing by 15% compared to August last year. Flights to Belfast, Aberdeen and between Keflavik and Akureyri stopped mid of May, explaining the reduction in the number of passengers.  The load factor was 70.8% decreasing by 1.5 ppt from August last year. Sold block hours in charter flights increased by 20% between years. Freight decreased by 6%. The number of available room nights at the Company’s Hotels was up by 14% from last year. The room occupancy was 89.9% compared to 88.6% in August 2017.
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INTERNATIONAL FLIGHTSAUG 18AUG 17CHG (%)YTD 18YTD 17CHG (%)
Number of Passengers522,925528,885-1%2,818,1102,826,4500%
Load Factor86.0%87.9%-1.9 ppt81.3%83.8%-2.6 ppt
Available Seat KM (ASK´000,000)1,952.71,895.73%10,962.810,456.25%
Revenue Passenger KM (RPK´000,000)1,678.41,665.41%8,909.08,766.32%
Stage length (KM)3,2713,0936%3,1893,0604%
       
DOMESTIC AND REGIONAL FLIGHTSAUG 18AUG 17CHG (%)YTD 18YTD 17CHG (%)
Number of Passengers32,93438,955-15%220,922236,033-6%
Load Factor70.8%72.3%-1.5 ppt64.9%67.5%-2.6 ppt
Available Seat KM (ASK´000,000)20.327.2-25%132.2144.7-9%
       
CHARTER FLIGHTSAUG 18AUG 17CHG (%)YTD 18YTD 17CHG (%)
Fleet Utilisation90.9%100.0%-9.1 ppt93.1%97.1%-4.0 ppt
Sold Block Hours2,9402,44220%23,29317,59432%
       
CARGOAUG 18AUG 17CHG (%)YTD 18YTD 17CHG (%)
Freight Tonne KM (FTK´000)10,29111,004-6%81,21576,0087%
       
HOTELSAUG 18AUG 17CHG (%)YTD 18YTD 17CHG (%)
Available Hotel Room Nights44,14938,78614%275,128260,8665%
Sold Hotel Room Nights39,68734,36815%219,502212,6713%
Occupancy of Hotel Rooms89.9%88.6%1.3 ppt79.8%81.5%-1.7 ppt

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