Icelandair: Considerable increase on the via market, improved load factor and on-time performance

In March 2024, Icelandair transported 298 thousand passengers, which represents a 25% increase in passenger traffic as measured by Revenue Passenger Kilometers (RPK) on a capacity increase of 22% compared to March 2023. During the month, 39% of passengers were traveling to Iceland, 19% from Iceland, 34% were via passengers, and 8% were traveling within Iceland. Load factor was 83.1% and on-time performance was 88.5%, increasing by 4.7 ppt from the already solid performance in March 2023.

Bogi Nils Bogason, Icelandair president and CEO:

“We continue seeing strong traffic numbers, with 25% increase in passenger traffic as compared to March last year. The traffic figures are impacted by an unusually early Easter traffic. During the month, we saw 50% increase in the number of via passengers and 13% increase on the from market while the number of passengers on the to market grew by 4%. These figures underscore the flexibility of our route network, allowing us to align capacity to developments in demand and, in this case, focus our capacity and sales efforts on the via and from markets where the demand was stronger.

Furthermore, we maintain our strong on-time performance and consistently high load factor despite a 22% capacity increase. This success is thanks to the excellent performance of our employees.”

Contact information:
Investors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: iris@icelandair.is
Asdis Petursdottir, Director Communications. E-mail: asdis@icelandair.is

Attachment