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Icelandair Group Earnings Release 2025
2197_rns_2025-04-07_33053b96-7c80-429c-a86b-a28587e3b44e.pdf
Earnings Release
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Record number of passengers in March
| Route Network^{1} | Mar 25 | Mar 24 | Chg (%) | YTD 25 | YTD 24 | Chg (%) |
|---|---|---|---|---|---|---|
| Number of Passengers: | 312,084 | 297,552 | 5% | 827,720 | 756,963 | 9% |
| To | 116,602 | 117,187 | 0% | 294,260 | 284,346 | 3% |
| From | 57,138 | 57,484 | -1% | 159,270 | 149,321 | 7% |
| Via | 116,600 | 100,559 | 16% | 316,261 | 262,382 | 21% |
| Within | 21,744 | 22,322 | -3% | 57,929 | 60,914 | -5% |
| ASK (million) | 1,117 | 1,062 | 5% | 3,055 | 2,859 | 7% |
| RPK (million) | 933 | 883 | 6% | 2,452 | 2,192 | 12% |
| Yield (US cents) | 8.1 | 8.8 | -7% | 8.1 | 8.5 | -5% |
| Load Factor | 83.5% | 83.1% | 0.4 ppt | 80.3% | 76.7% | 3.6 ppt |
| OTP (Arrivals) | 84.3% | 88.5% | -4.2 ppt | 80.9% | 84.4% | -3.5 ppt |
| Stage length (KM) | 2,898 | 2,883 | 1% | 2,896 | 2,836 | 2% |
Cargo & Leasing
| Sold BH - Leasing | 1,840 | 1,227 | 50% | 6,273 | 4,063 | 54% |
|---|---|---|---|---|---|---|
| FTK (thousand) - cargo | 13,411 | 13,033 | 3% | 38,506 | 39,402 | -2% |
CO2 Emissions
| Total CO2 tons | 74,107 | 73,379 | 1% | 203,629 | 198,227 | 3% |
|---|---|---|---|---|---|---|
| CO2 per OTK | 0.70 | 0.73 | -4% | 0.73 | 0.78 | -6% |
Passengers and load factor 12 month rolling
Passenger mix
Absolut figures in thousands
■ Within
■ To
■ From
■ Via
312 thousand passengers carried in March
Route network highlights
Monthly change year on year
2
Glossary
Icelandair route network serves four passenger markets¹:
To
Passenger visiting Iceland
From
Passengers originating in Iceland visiting destinations outside of Iceland
Via
Passengers traveling across the Atlantic connecting in Iceland
Within
Passengers traveling solely within Iceland
ASK
Available seat kilometers, the total number of seats available on scheduled flights multiplied by the number of kilometers the seats were flown
RPK
Revenue passenger kilometers, the number of revenue passengers carried on scheduled flights multiplied by the number of kilometers the seats were flown
LF
Passenger load factor, calculated by dividing RPK by ASK
OTP
Arrival on time performance, flights arriving within 15 minutes of scheduled arrival time. OTP is calculated by diving arrivals that arrive within 15 minutes of scheduled arrival time with the total number of arrivals
Stage length
The distance flown from takeoff to landing in a single leg
BH
Block hours - the time computed from the moment the blocks are removed from the wheels of the aircraft until they are replaced at the next point of landing
FTK
Freight Tonne Kilometers – the equivalent of RPK for freight – one FTK is one metric tonne of revenue load, carried one kilometer
Yield
Passenger ticket revenue in addition to excess baggage, cabin upgrade and seat selection revenue divided by RPK. The measure, together with load factor development, provides indication of the revenue generation within the route network but does not represent total revenue as the measure excludes cargo revenue, other ancillary revenue and accounting adjustments that when combined represent the revenue recognized on the income statement in each reporting period.
OTK
CO2 emitted by moving one payload tonne one kilometer for all international flights
Total CO2 tons
Carbon emissions from all flights
