Saturday, 7 December 2019

Icelandair's performance improved in November.

On-Time Performance in the Icelandair’s route network in November improved significantly, increasing to 90.0% from 75.7% from the same period last year. The number of passengers to Iceland increased by 16% compared to last year. 

This year, the number of passengers to Iceland has increased by 25% with the total number of passengers amounting to over 1.7 million to date. Passengers on the home market from Iceland increased by 9% between years. This increase in the to and from markets is due to the Company’s focus on minimizing the impact of the suspension of the MAX aircraft and to respond to changes in the competitive environment in these markets. In line with this shift in focus, the number of via passengers decreased by 29% from October last year.


The total number of Icelandair’s passengers was 262 thousand in November, decreasing by 6% compared with November last year. The total capacity decreased by 9% between years. The load factor on Icelandair’s flights was 78.6% in November compared to 79.8% in the same period last year.

The number of passengers on domestic and regional flights was around 21 thousand in November, decreasing by 6% compared to the same period last year. The load factor increased to 71.9% from 65.2% in November last year. The number of sold block hours in charter flights decreased by 7% and freight remained at a similar level between years. The number of sold room nights at Icelandair Hotels was up by 3% with room occupancy at 75.7% compared to 76.7% in the same period last year.


INTERNATIONAL FLIGHTSNOV 19CHG (%)YTD 19CHG (%)
  To market (passengers)114,33216%1,746,10125%
  From market (passengers)54,2649%590,39419%
  Via market (passengers)93,341-29%1,804,185-9%
Total Number of Passengers261,937-6%4,140,6807%
Load Factor78.6%-1.2 ppt82.1%1.0 ppt
Available Seat KM (ASK´000,000)1,027.9-9%15,667.03%
Revenue Passenger KM (RPK´000,000)808.3-11%12,855.84%
Stage length (KM)3,062-5%3,118-3%
On-Time-Performance (Arrivals)90.0%14.3 ppt74.0%12.3 ppt
     
DOMESTIC AND REGIONAL FLIGHTSNOV 19CHG (%)YTD 19CHG (%)
Number of Passengers21,132-6%264,634-12%
Load Factor71.9%6.7 ppt70.5%4.7 ppt
Available Seat KM (ASK´000,000)9.0-15%135.0-21%
     
CHARTER FLIGHTSNOV 19CHG (%)YTD 19CHG (%)
Fleet Utilisation100.0%7.7 ppt96.2%3.6 ppt
Sold Block Hours2,229-7%27,368-12%
     
CARGONOV 19CHG (%)YTD 19CHG (%)
Freight Tonne KM (FTK´000)11,230-1%122,5917%
     
HOTELSNOV 19CHG (%)YTD 19CHG (%)
Available Hotel Room Nights33,5764%403,0386%
Sold Hotel Room Nights25,4243%327,6896%
Occupancy of Hotel Rooms75.7%-1.0 ppt81.3%0.1 ppt


The airline has also entered into a new USD $35 million loan agreement with CIT Bank which is part of a refinancing due to the redemption of bonds issued by the Company earlier this year. The maturity date of the loan will be based on a 5-year term.



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