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Icelandair Group Investor Presentation 2025
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Investor Presentation
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Icelandair carried 4.7 M passengers in 2024
Record load factor in December 2024
| Route Network^{1} | Dec 24 | Dec 23 | Chg (%) | YTD 24 | YTD 23 | Chg (%) |
|---|---|---|---|---|---|---|
| Number of Passengers: | 312,186 | 263,616 | 18% | 4,665,641 | 4,285,976 | 9% |
| To | 87,671 | 75,155 | 17% | 1,517,580 | 1,622,722 | -6% |
| From | 60,516 | 50,101 | 21% | 773,115 | 754,198 | 3% |
| Via | 145,246 | 119,974 | 21% | 2,113,932 | 1,644,827 | 29% |
| Within | 18,753 | 18,387 | 2% | 261,013 | 264,229 | -1% |
| ASK (million) | 1,157 | 1,090 | 6% | 17,158 | 15,663 | 10% |
| RPK (million) | 955 | 790 | 21% | 14,180 | 12,767 | 11% |
| Load Factor | 82.6% | 72.4% | 10.2 ppt | 82.6% | 81.5% | 1.1 ppt |
| OTP (Arrivals) | 59.7% | 67.0% | -7.3 ppt | 82.7% | 77.0% | 5.7 ppt |
| Stage length (KM) | 3,029 | 2,989 | 1% | 2,999 | 2,937 | 2% |
Cargo & Leasing
| Sold BH - Leasing | 2,245 | 1,360 | 65% | 21,236 | 15,388 | 38% |
|---|---|---|---|---|---|---|
| FTK (thousand) - cargo | 13,111 | 14,026 | -7% | 140,665 | 177,448 | -21% |
CO2 Emissions
| Total CO2 tons | 79,285 | 75,811 | 5% | 1,166,149 | 1,119,026 | 4% |
|---|---|---|---|---|---|---|
| CO2 per OTK | 0.71 | 0.83 | -14% | 0.73 | 0.76 | -4% |
Passenger mix
Absolut figures in thousands
Within
To
From
Via
4.7 million
passengers
carried in 2024
Passengers and load factor 12 month rolling
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
OTK
CO2 emitted by moving one payload tonne one kilometer for all international flights
Total CO2 tons
Carbon emissions from all flights
¹ Passengers are from 2024 split between markets by point of commencement, compared to point of sale in the past, 2023 comparison figures have been updated
