A positive upturn in the market to Iceland

In October 2024, Icelandair transported 409 thousand passengers, an increase of 12% compared to October 2023. During the month, 35% traveled to Iceland, 17% from Iceland, 42% via Iceland and 6% within Iceland. There has been a positive upturn in travel to Iceland, after a few months of declining demand. Occupancy was 84.6%, one of the highest in October, and on-time performance was 84.4%, an increase of 4.2 percentage points compared to last year. To date, Icelandair has carried more than four million passengers, an increase of 8% compared to last year.

Bogi Nils Bogason, President and CEO of Icelandair:

“I am very pleased to see the increase in travel to Iceland and to once again see the flexibility of our route network in action, giving us the opportunity to shift focus between markets in line with demand. Iceland was also strong, growing 11%.

I am proud of our continued excellent on-time performance and high utilization rates, as well as the continued great feedback from our customers. Load factors were strong this month in our Saga Premium class and we have seen the popularity of this product increase in recent years. The leasing sector continues to thrive with a 60% increase in the number of block hours sold and for the first time in months we see the FTK in freight rising slightly year-on-year.”

Contact details
Investors: Kristofer Hlynsson, Investor Relations Manager. Email:[email protected]
Media: Asdis Petursdottir, communications director. Email:[email protected]