In December 2022, the number of Icelandair’s passengers was 233,500, compared to 168,500 in December 2021. Total number of passengers in 2022 reached around 3.7 million, compared to 1.5 million in 2021, an increase of 150% between years. In 2022 capacity has steadily increased, reaching 91% of the 2019 capacity in December, compared to 53% in January 2022 and 77% in June.
In December, the number of passengers on international flights was 214 thousand compared to 149 thousand in December 2021. The number of passengers to Iceland was 79 thousand and from Iceland around 50 thousand. Via passengers were 85 thousand. On time performance on international flights was 62.4%. Load factor on international flights was 73%, compared to 71% in December 2021. On time performance, load factor and the overall operation was significantly affected by disruptions caused by extreme weather in Iceland in December.
The number of passengers on domestic flights was 20 thousand, compared to 19 thousand in December 2021. On time performance was 81% despite significant weather disruptions during the month. The load factor on domestic flights was 73% compared to 70% in December 2021.
Sold block hours in charter flights increased by 13%. Freight measured in Freight Ton Kilometers was around the same as in December 2021.
Route Network
Dec 22
Dec 21
CHG (%)
YTD 22
YTD 21
CHG (%)
Number of Passengers
233,569
168,581
39%
3,658,363
1,461,446
150%
Load Factor
73.0%
71.2%
1.8 ppt
79.7%
65.3%
14.4 ppt
Available Seat KM (ASK´000,000)
925.5
660.6
40%
13,252.9
5,963.0
122%
Revenue Passenger KM (RPK´000,000)
675.4
470.2
44%
10,568.6
3,894.6
171%
INTERNATIONAL FLIGHTS
Dec 22
Dec 21
CHG (%)
YTD 22
YTD 21
CHG (%)
To market (passengers)
79,071
60,019
32%
1,486,912
687,113
116%
From market (passengers)
49,773
34,687
43%
557,613
207,841
168%
Via market (passengers)
84,948
54,793
55%
1,345,718
341,071
295%
Number of Passengers
213,792
149,499
43%
3,390,243
1,236,025
174%
Load Factor
73.0%
71.2%
1.8 ppt
79.8%
65.2%
14.5 ppt
Available Seat KM (ASK´000,000)
917.7
652.7
41%
13,153.3
5,866.0
124%
Revenue Passenger KM (RPK´000,000)
669.7
464.6
44%
10,491.7
3,826.3
174%
Stage length (KM)
3,183
3,086
3%
3,107
3,110
0%
On-Time-Performance (Arrivals)
62.4%
75.0%
-12.6 ppt
73.5%
84.0%
-10.5 ppt
DOMESTIC FLIGHTS
Dec 22
Dec 21
CHG (%)
YTD 22
YTD 21
CHG (%)
Number of Passengers
19,777
19,082
4%
268,120
225,421
19%
Load Factor
72.7%
70.2%
2.6 ppt
77.2%
70.4%
6.8 ppt
Available Seat KM (ASK´000,000)
7.8
7.9
-1%
99.6
97.0
3%
On-Time-Performance (Arrivals)
81%
80%
1.4 ppt
74%
88%
-14.1 ppt
Cargo & Leasing
Dec 22
Dec 21
CHG (%)
YTD 22
YTD 21
CHG (%)
Sold Block Hours – Leasing
1,098
968
13%
14,666
13,492
9%
Freight Tonne KM (FTK´000)
12,901
12,921
0%
132,029
142,713
-7%
CO2 EMISSIONS
Dec 22
Dec 21
CHG (%)
YTD 22
YTD 21
CHG (%)
Total CO2 emissions tonnes
65,780
52,388
26%
949,735
483,272
97%
CO2 emissions per OTK
0.80
0.85
-6%
0.77
0.93
-17%
INFORMATION
Investors: Íris Hulda Þórisdóttir, Director of Investor Relations. E-mail: iris@icelandair.is Media: Ásdís Pétursdóttir, Director of Communications. E-mail: asdis@icelandair.is
Icelandair Group hf is an Iceland-based holding company. Through its subsidiaries, it is active within the airline and tourism industries. The Companyâs activities are divided into three primary business areas: International Flight Operations, Aviation Investments, and Tourism Investments. The International Flight Operations segment is based on the hub-and-spoke concept between Europe and North America via Iceland managing and international route network between the two continents. The Aviation Investment segment includes leasing services, domestic flights and an outgoing tour operator. The Tourism Investments segment manages an incoming tour operator in Iceland. The Company operates mainly in Europe and Northern America.