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Icelandair Group Earnings Release 2019
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Earnings Release
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Traffic Data February 2019
Traffic Data February 2019
The number of passengers on international flights was 208 thousand in February and increased by 9% compared to February last year. The capacity increase was 8% and the load factor was 75.6% compared to 74.3% in February last year. The number of passengers on domestic and regional flights were close to 20 thousand, decreasing by 10% compared to February last year. Flights to Belfast, and Aberdeen stopped mid May 2018, explaining the reduction in the number of passengers. The load factor was 66.0% and increased by 3.4 percentage points comparted to last year. The number of sold block hours in charter flights decreased by 16% between years, due to fewer projects than at the same time last year. Freight increased by 6%. The number of sold room nights at the Company’s Hotels was up by 20% from last year. The room utilisation was 79.0% compared to 84.9% in February 2018. The main reason for lower utilisation in our hotels in rural areas.
| INTERNATIONAL FLIGHTS | FEB 19 | FEB 18 | CHG (%) | YTD 19 | YTD 18 | CHG (%) |
| Number of Passengers | 208,252 | 190,720 | 9% | 434,989 | 400,118 | 9% |
| Load Factor | 75.6% | 74.3% | 1.3 ppt | 73.6% | 73.2% | 0.4 ppt |
| Available Seat KM (ASK´000,000) | 832.4 | 767.5 | 8% | 1,827.3 | 1,674.4 | 9% |
| Revenue Passenger KM (RPK´000,000) | 629.2 | 570.0 | 10% | 1,344.8 | 1,226.0 | 10% |
| Stage length (KM) | 3,047 | 3,014 | 1% | 3,081 | 3,048 | 1% |
| DOMESTIC AND REGIONAL FLIGHTS | FEB 19 | FEB 18 | CHG (%) | YTD 19 | YTD 18 | CHG (%) |
| Number of Passengers | 19,560 | 21,850 | -10% | 39,129 | 44,149 | -11% |
| Load Factor | 66.0% | 62.6% | 3.4 ppt | 61.3% | 60.0% | 1.2 ppt |
| Available Seat KM (ASK´000,000) | 9.2 | 12.5 | -27% | 19.6 | 26.5 | -26% |
| CHARTER FLIGHTS | FEB 19 | FEB 18 | CHG (%) | YTD 19 | YTD 18 | CHG (%) |
| Fleet Utilisation | 90.9% | 100.0% | -9.1 ppt | 91.3% | 100.0% | -8.7 ppt |
| Sold Block Hours | 2,274 | 2,694 | -16% | 4,925 | 5,709 | -14% |
| CARGO | FEB 19 | FEB 18 | CHG (%) | YTD 19 | YTD 18 | CHG (%) |
| Freight Tonne KM (FTK´000) | 9,880 | 9,337 | 6% | 20,343 | 19,835 | 3% |
| HOTELS | FEB 19 | FEB 18 | CHG (%) | YTD 19 | YTD 18 | CHG (%) |
| Available Hotel Room Nights | 28,899 | 24,136 | 20% | 62,317 | 50,893 | 22% |
| Sold Hotel Room Nights | 22,836 | 20,503 | 11% | 44,509 | 39,211 | 14% |
| Occupancy of Hotel Rooms | 79.0% | 84.9% | -5.9 ppt | 71.4% | 77.0% | -5.6 ppt |
For further information please contact:
Bogi Nils Bogason, CFO, Icelandair Group tel: + 354 5050100
Íris Hulda Þórisdóttir, Director Investor Relations, Icelandair Group tel: + 354 5050100