Monday, 6 September 2021

Icelandair expects a demand boost this winter......

Over the last few months and weeks,  the leading Icelandic carrier Icelandair has been slowly increasing its operations as demand for travel slowly rises as more and more people in more and more countries are getting vaccinated against coronavirus.  Plus, as the vaccine rollout takes place at pace, travel restrictions are being lifted and borders reopened.  

As the travel market is gradually getting back to a more normal level, Icelandair is now adjusting its winter schedule for 2021-2022 to include 25 destinations in its international network. The airline is boosting flights to Europe and North America, with around 160 departures per week from Keflavik International Airport on its winter timetable.  

The current status of the pandemic and continued travel restrictions resulted in slightly lower demand than anticipated when Icelandair Group’s results for the second quarter were published a little while ago and at that time, the firm expected capacity in the fourth quarter 2021 to reach 70-80% of the company's 2019 production.  But, a steady ramp-up is expected to continue through Q4 and into 2022 and the airline's winter schedule currently counts for capacity of around 65% of its 2019 production and around 75% of its 2019 capacity in Q1 2022. In comparison, the capacity level in August was 50% of the capacity level in August 2019.

Bogi Nils Bogason, President and CEO of Icelandair Group:  "We have been able to steadily ramp up our operations over the past weeks. We expect this development to continue into the winter although we have adjusted our schedule to current demand. The key strength of Icelandair remains our flexibility to be able to adapt quickly to the situation in our markets at any given time."
Keflavik International Airport                                                            Photo Keflavik International Airport 

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