Tuesday, 9 July 2019

Passenger numbers up by 15% for Icelandair

Icelandair saw passengers rise by 15% during June the airline revealed this week as it benefits from the demise of Icelandic rival WOW air's bankruptcy. 

The total number of passengers on the carriers international flights was 552,791 in June this year, up by 15% compared with June last year. The capacity increase was 8% and the load factor was 88% compared to 84.4% in the same period last year. The number of passengers on the markets to and from Iceland increased considerably – by 41% to Iceland, or by a total of 61 thousand passengers, and by 27% on the home market from Iceland, or by a total of 15 thousand passengers. 

This increase is partly due to the Company’s focus on minimizing the impact of the suspension of the Boeing 737 MAX aircraft and changes in the competitive environment on the markets to and from Iceland. The North-Atlantic market was the biggest market in June, accounting for 49% of total passengers. The number of via passengers decreased slightly, or by 1%. Arrival On-Time-Performance in the route network in June increased to 64% from 40% from the same period last year. This was achieved as a result of a number of measures taken to improve On-Time-Performance despite the impact of the MAX suspension on the flight schedule.

The number of passengers on domestic and regional flights were 25 thousand in June, decreasing by 13% compared to the same period last year, which is in line with capacity decrease. The load factor was 72.3% and increased by 2.7 percentage points compared to June last year. The number of sold block hours in charter flights decreased by 15% between years due to fewer projects than at the same time last year and aircraft maintenance. Freight increased by 5%. The number of sold room nights at Icelandair Hotels was up by 6% from last year. The room utilisation was 81.3% compared to 80.1% in June 2018 and increased at all of the hotels in Reykjavik.

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