HomeTravel NewsIcelandair Posts Highest Ever Quarterly Revenue

Icelandair Posts Highest Ever Quarterly Revenue

Icelandair has posted its highest quarterly revenue ever.

Icelandair’s profits also jumped by nearly $27m, year-on-year, to $84.5m, with passenger numbers jumping to 1.5 million people.

Icelandair President and CEO, Bogi Nils Bogason, said: “We are pleased to deliver such strong results in our largest and most important quarter. Profits were driven by strong revenue generation in our passenger network resulting in the strongest revenue in one quarter in our history. Our route network operations were robust in the quarter with improved on-time performance. Our flight schedule was also the largest ever in terms of trips. We transported 1.5 million passengers to 49 destinations in Europe and North America. We recruited around 1,000 employees for the high season, bringing the total number of employees to around 4,400 during the summer.”

“The outlook in our passenger network is good and the booking status throughout the year and into next year is stronger than at the same time last year. We see continued strong demand in the tourist market to Iceland, especially from North America. Rapid growth has characterized our operations in the past years with our flight schedule almost tripling in the past two years. We are expecting moderate growth next year and therefore see opportunities to improve operational efficiency. We will increase our capacity by around 10% next year and will add frequency to existing destinations as well as add some new and exciting ones that will be announced soon.”

Geoff Percival
Geoff Percival
Geoff has worked in business, news, consumer and travel journalism for more than 25 years; having worked for and contributed to the likes of The Irish Examiner, Business & Finance, Business Plus, The Sunday Times, The Irish News, Senior Times, and The Sunday Tribune.

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