In June 2024, Icelandair carried 514,000 passengers, a decrease of 1 % compared to June 2023. During the month, 31 % traveled to Iceland, 15 % from Iceland, 49 % via Iceland and 4 % within Iceland. The load factor was 83 % and the punctuality was 85.2 %, an increase of 14.5 percentage points compared to the previous year.
So far this year, Icelandair has carried two million passengers, 7 % more than last year. There has been a significant change in the company's passenger mix; the number of transit passengers increased by 15 % in June, while the number of passengers traveling to Iceland decreased compared to the previous year. This demonstrates the flexibility of Icelandair's route network, which offers the ability to switch focus from one market to another as demand changes. In this case, with lower demand to Iceland, the company has increased the number of transit passengers significantly.
Bogi Nils Bogason, President and CEO of Icelandair
”In June, we carried a similar number of passengers as last year, but we are seeing a decrease in demand to Iceland compared to last year. As before, we have utilized the flexibility of our route network and increased our focus on transit passengers, with half of our passengers traveling across the Atlantic with a short stopover in Iceland.
Icelandair is a small airline in a very competitive market across the North Atlantic. It was therefore very interesting to see a recent analysis that showed that we are the airline that operates the most transatlantic flights with narrow-body aircraft. This is where our main competitive advantage lies. We take advantage of Iceland’s geographical location to offer frequent flights between over 50 destinations in Europe and North America, with one stopover in Iceland. We use smaller and more economical aircraft than many of our competitors, which gives us a significant advantage. We have used this advantage to launch services to destinations that have few international connections, thereby offering the best routes across the Atlantic. Recent examples of destinations that have been particularly successful include Raleigh-Durham, Detroit and Pittsburgh in the USA.
According to the press release.
