In February 2023, Icelandair's passengers were 200 thousand, compared to 125 thousand in February last year. Capacity in February was 42% higher than last year and 82% of February 2019.
Passengers on international flights were 181 thousand, compared to 109 thousand in February 2022, an increase of 66%. Passengers to Iceland were 95 thousand and from Iceland 45 thousand. Via passengers were around 40 thousand. The number of via passengers increased threefold year-on-year. On-time performance on international flights was 74%. The load factor on international flights was 76.4%, an improvement of 10.1 ppt year-on-year and the highest load factor in February since 2016. On time performance and passenger numbers were affected by weather related disruptions in February, which led to around 5% reduction in production through cancellations.
Passengers on domestic flights were 19 thousand, compared to 16 thousand in February 2022. On time performance was 70%. Load factor on domestic flights was 78.9%. Weather in Iceland also had a negative effect on domestic on time performance and passenger numbers in February.
Sold block hours in charter flights decreased by 8%. Freight measured in Freight Ton Kilometers increased by 36% compared to February last year. The increase in cargo is due to increased capacity with the introduction of a Boeing 767 widebody into the cargo fleet.
| Route Network | Feb 23 | Feb 22 | CHG (%) | YTD 23 | YTD 22 | CHG (%) |
| Number of Passengers | 199,886 | 124,607 | 60% | 409,759 | 238,010 | 72% |
| Load Factor | 76.5% | 66.4% | 10.1 ppt | 75.4% | 62.8% | 12.6 ppt |
| Available Seat KM (ASK'000,000) | 689.7 | 485.8 | 42% | 1,487.2 | 1,019.9 | 46% |
| Revenue Passenger KM (RPK'000,000) | 527.3 | 322.3 | 64% | 1,121.9 | 640.6 | 75% |
| INTERNATIONAL FLIGHTS | Feb 23 | Feb 22 | CHG (%) | YTD 23 | YTD 22 | CHG (%) |
| To market (passengers) | 95,389 | 66,166 | 44% | 169,960 | 111,488 | 52% |
| From market (passengers) | 44,759 | 26,864 | 67% | 92,210 | 51,615 | 79% |
| Via market (passengers) | 40,475 | 15,693 | 158% | 109,806 | 47,301 | 132% |
| Number of Passengers | 180,623 | 108,723 | 66% | 371,976 | 210,404 | 77% |
| Load Factor | 76.4% | 66.2% | 10.2 ppt | 75.4% | 62.7% | 12.8 ppt |
| Available Seat KM (ASK'000,000) | 682.6 | 480.2 | 42% | 1,472.7 | 1,009.6 | 46% |
| Revenue Passenger KM (RPK'000,000) | 521.7 | 317.8 | 64% | 1,111.0 | 632.7 | 76% |
| Stage length (KM) | 2,877 | 2,978 | -3% | 2,939 | 3,035 | -3% |
| On-Time-Performance (Arrivals) | 74.0% | 67.0% | 7.0 ppt | 74.0% | 70.0% | 4.0 ppt |
| DOMESTIC FLIGHTS | Feb 23 | Feb 22 | CHG (%) | YTD 23 | YTD 22 | CHG (%) |
| Number of Passengers | 19,263 | 15,884 | 21% | 37,783 | 27,606 | 37% |
| Load Factor | 78.9% | 80.0% | -1.1 ppt | 75.6% | 76.8% | -1.2 ppt |
| Available Seat KM (ASK'000,000) | 7.0 | 5.6 | 25% | 14.5 | 10.3 | 41% |
| On-Time-Performance (Arrivals) | 70% | 51% | 19.0 ppt | 77% | 58% | 19.0 ppt |
| Cargo & Leasing | Feb 23 | Feb 22 | CHG (%) | YTD 23 | YTD 22 | CHG (%) |
| Sold Block Hours - Leasing | 1,289 | 1,399 | -8% | 2,340 | 2,482 | -6% |
| Freight Tonne KM (FTK'000) | 13,849 | 10,189 | 36% | 27,683 | 20,789 | 33% |
| CO2 EMISSIONS | Feb 23 | Feb 22 | CHG (%) | YTD 23 | YTD 22 | CHG (%) |
| Total CO2 emissions tonnes | 53,431 | 39,377 | 36% | 111,281 | 80,847 | 38% |
| CO2 emissions per OTK* | 0.79 | 0.91 | -13% | 0.81 | 0.97 | -17% |
Contact information
Investors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: iris@icelandair.is
Media: Asdis Petursdottir, Director Communications. E-mail: asdis@icelandair.is
