Transported Approximately 3.7 Million Travelers within the Previous Year
In the midst of ongoing recovery from the Covid-19 pandemic, Icelandair saw a steady increase in capacity last year, although it didn't quite reach the levels seen just before the pandemic. This trend was evident in December 2022, where the airline's capacity reached 91% of the 2019 level, marking a significant improvement from the previous year.
Despite this growth, the number of passengers on Icelandair's domestic flights in December 2022 remained relatively stable, with 20,000 passengers, compared to 19,000 in the same month the previous year. This steady passenger count translated into a load factor of 73%, an increase from 70% in the same month of 2021.
In total, 233,500 passengers travelled on Icelandair's domestic and international flights in December 2022, a notable increase from the 168,500 passengers in the same month the previous year. This growth was reflected in the airline's overall passenger numbers for the past year, which saw a 150% increase, totalling 3.7 million passengers.
However, Icelandair's on-time performance on international flights in December 2022 was lower than on domestic flights, at 62.4%, compared to 81% on domestic flights. This discrepancy could be due to a variety of factors, including weather conditions and operational challenges.
Icelandair's charter flights also saw an increase in sold block hours by 13% in December 2022. This growth suggests a continued demand for Icelandair's services in the charter market.
While Icelandair's performance in December 2022 demonstrates progress, it's important to consider the broader context. Factors such as weather disruptions, the closure of Reykjanesbraut, general aviation trends, fleet and operational adjustments, and market conditions all play a role in shaping Icelandair's performance.
As more specific data becomes available, a more comprehensive analysis of Icelandair's December 2022 performance will be possible, providing valuable insights into the airline's ongoing recovery and future plans.
Weather conditions could have contributed to lower on-time performance on Icelandair's international flights compared to domestic ones. The performance of Icelandair in December 2022, showing a 150% increase in overall passenger numbers, marked a surge in demand not only for its domestic flights but also in the charter market, as indicated by a 13% increase in sold block hours for charter flights. The finance industry might take interest in Icelandair's progress, considering the airline's recovery from the Covid-19 pandemic and the growth it has demonstrated, especially in sectors like aviation and transportation.
