In July 2022, the number of Icelandair’s passengers continued to increase and was 529 thousand, compared to 219 thousand in July last year and 431 thousand in the previous month this year. The number of passengers was 89% of the July 2019 passenger numbers.
The number of passengers on international flights was 504 thousand compared to 195 thousand in July 2021 and 407 thousand in June this year. The number of passengers to Iceland was 230 thousand and from Iceland 57 thousand. Via passengers were 217 thousand or 43% of the international passengers. On time performance was 64% and was affected by disruptions in the route network that mainly resulted from challenging conditions at international airports. The load factor on international flights was 89.6%, compared to 70.4% in July 2021. Sales and load factor of Saga Premium seats continues to improve from previous years. This record load factor for July is driven by realisation of pent-up demand. It is also a strong indicator of a well-balanced route network, effective revenue management and sales and marketing activities.
The domestic network has recovered well and already reached pre-Covid levels. The number of passengers on domestic flights was close to 25 thousand compared to around 24 thousand in July 2021. The load factor on domestic flights was 74.5% compared to 76.5% in July 2021.
Sold block hours in charter flights increased by 7%. Freight measured in Freight Ton Kilometers decreased by 14% compared to July last year.
Route Network
Jul 22
Jul 21
CHG (%)
YTD 22
YTD 21
CHG (%)
Number of Passengers
529,189
219,419
141%
1,940,988
440,535
341%
Load Factor
89.5%
70.4%
19.1 ppt
78.5%
57.5%
21.0 ppt
Available Seat KM (ASK´000,000)
1,731.6
906.0
91%
7,038.5
1,819.5
287%
Revenue Passenger KM (RPK´000,000)
1,550.6
638.1
143%
5,524.6
1,045.3
428%
INTERNATIONAL FLIGHTS
Jul 22
Jul 21
CHG (%)
YTD 22
YTD 21
CHG (%)
To market (passengers)
230,253
116,679
97%
819,141
194,610
321%
From market (passengers)
57,335
27,674
107%
304,582
59,755
410%
Via market (passengers)
216,737
50,872
326%
668,344
68,219
880%
Number of Passengers
504,326
195,225
158%
1,792,067
322,584
456%
Load Factor
89.6%
70.4%
19.3 ppt
78.5%
57.1%
21.4 ppt
Available Seat KM (ASK´000,000)
1,721.9
896.5
92%
6,984.0
1,769.4
295%
Revenue Passenger KM (RPK´000,000)
1,543.4
630.8
145%
5,482.2
1,011.0
442%
Stage length (KM)
3,073
3,244
-5%
3,069
3,077
0%
On-Time-Performance (Arrivals)
63.5%
81.0%
-17.5 ppt
71.7%
87.0%
-15.3 ppt
DOMESTIC FLIGHTS
Jul 22
Jul 21
CHG (%)
YTD 22
YTD 21
CHG (%)
Number of Passengers
24,863
24,194
3%
148,921
117,951
26%
Load Factor
74.5%
76.5%
-2.0 ppt
77.9%
68.5%
9.3 ppt
Available Seat KM (ASK´000,000)
9.7
9.5
2%
54.4
50.1
9%
Cargo & Leasing
Jul 22
Jul 21
CHG (%)
YTD 22
YTD 21
CHG (%)
Sold Block Hours - Leasing
1,348
1,261
7%
8,069
7,980
1%
Freight Tonne KM (FTK´000)
9,249
10,736
-14%
78,430
78,588
0%
CO2 EMISSIONS
Jul 22
Jul 21
CHG (%)
YTD 22
YTD 21
CHG (%)
Total CO2 emissions tonnes
121,195
66,960
81%
510,200
169,640
201%
CO2 emissions per OTK
0.72
0.89
-19%
0.79
1.06
-26%
Contact information
Investors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: iris@icelandair.is Media: Asdis Petursdottir, Director Communications. E-mail: asdis@icelandair.is
Icelandair Group hf is an Iceland-based holding company. Through its subsidiaries, it is active within the airline and tourism industries. The Companyâs activities are divided into three primary business areas: International Flight Operations, Aviation Investments, and Tourism Investments. The International Flight Operations segment is based on the hub-and-spoke concept between Europe and North America via Iceland managing and international route network between the two continents. The Aviation Investment segment includes leasing services, domestic flights and an outgoing tour operator. The Tourism Investments segment manages an incoming tour operator in Iceland. The Company operates mainly in Europe and Northern America.