The Company carried 260 thousand passengers on international flights in March. The number of passengers was up by 4% as compared to March last year. The capacity increase between years was 7%. The passenger load factor was 81.9% compared to 80.7% at the same time last year. Passengers on domestic and regional flights were 28 thousand, which is 2% decrease from last year. The capacity was 7% higher than in March 2017. The load factor was 59.9%. Sold block hours in charter flights increased by 25% between years. Cargo transport increased by 5% year-on-year.

The number of available hotel room nights increased by 4% between years due to the opening of Reykjavik Konsulat Hotel in the center of Reykjavik. The room utilisation at the Company’s Hotels decreased between years was 78.0% compared to 86.0% in March 2017. Less occupancy is mainly explained by the Reykjavik Konsulat Hotel.  The first operating month of a new hotel is usually low in occupancy since it has only been bookable for a short period of time.

For further detailed information please contact:

Bogi Nils Bogason, CFO, Icelandair Group tel: + 354 665-8801
Íris Hulda Þórisdóttir, Director Investor Relations, Icelandair Group tel: + 354 840-7010

Attached are the results of the AGM 2018 and the Minutues of the meeting

The number of passenger on international flights was 191 thousand in February and decreased by 5% compared to February last year. The decrease is mainly due to less passengers on the tourist market to Iceland.  The demand was not in line with the total capacity increase on that market. The total capacity decreased by 1% and the passenger load factor was 74.3% compared to 75.9% in February last year.

The number of passengers on domestic and regional flights were just short of 22 thousand, decreasing by 3% compared to February last year. There was a great deal of weather disruptions during the month, and thus a significant number of domestic flights were cancelled.  The capacity in February was 11% higher than in February last year, due to flights to Belfast in cooperation with Icelandair, which started in June 2017 and flights on the route between Keflavik and Akureyri which started in the end of February 2017.  The passenger load factor was 62.6%.

Sold block hours in charter flights increased by 44% between as a result of new long-term assignments. Freight increased by 24% due to more import to Iceland, but a strike in the seafood industry in Iceland last year, which effected the export of fish negatively, also affects the comparison. The number of sold room nights at the Company’s Hotels was down by 5% from last year. The main reason is closing of hotel rooms in Icelandair Hotel Natura due to renovation.  The number of sold hotel rooms increased between years at all other hotels. The room utilisation was 81.6% compared to 85.6% in February 2017.

For further information please contact:

Bogi Nils Bogason, CFO, Icelandair Group tel: + 354 665-8801
Íris Hulda Þórisdóttir, Director Investor Relations, Icelandair Group tel: + 354 840-7010