Icelandair has added information on yield development to its monthly traffic information. This metric, together with load factor development, gives an indication of revenue development within the route network but not of total revenue as it excludes for example cargo and some ancillary revenue.* The yield totaled 8.1 US cents and was 3% lower than in January last year, primarily due to a higher proportion of via passengers. The stronger load factor, however, outweighed the yield decrease and resulted in higher passenger unit revenue than last year.
Sold block hours in charter flights increased by 96% on increased number of aircraft and utilization during the month. Freight measured in Freight Ton Kilometers was up 1% compared to January last year. CO2 emissions decreased by 11% per Operational Ton Kilometer (OTK) compared to January last year due to higher load factor and positive impact of continued fleet renewal with an increase in flights operated by the fuel-efficient B737 MAX and A321 LR aircraft.
Bogi Nils Bogason, President and CEO of Icelandair, says: “We continued to see positive development in the number of passengers travelling to Iceland in January and strong demand in the markets from and via Iceland, resulting in record load factor during the month. The domestic market remained stable.\
We are proud and grateful to have been ranked highest by airline customers for the second year in a row, according to the Icelandic Customer Satisfaction Index. We see this recognition as an encouragement to continue providing our passengers with outstanding service.
We continued to expand our extensive route network with exciting new destinations. Last week we announced Miami as our 19th North American destination. This year will be our largest yet, providing our customers with more travel options than ever before.”
Flights to Miami
Icelandair announced Miami Florida as a new destination, with three flights a week, on Tuesday, Thursday and Saturday, from October 25 throughout March. The flight will be operated on Icelandair’s brand new Airbus A321LR aircraft and flying time is eight hours.
Miami
Florida is a popular winter destination for Icelanders and Icelandair has for decades offered direct flights to Orlando. Miami is now added as a second gateway and the airlines’ 19th destination in North America. Miami is known for beautiful beaches, colorful culture and nightlife.
Bogi Nils Bogason commented: “We are thrilled to be opening a new gateway from Europe to sunny Florida via Iceland and from Miami to Iceland and beyond. With the new long-range and fuel-efficient Airbus aircraft we are able to add new and exciting destinations and Miami is a great addition. Miami will fit well into our route network, with convenient connections via Iceland to our 34 destinations in Europe. Welcome aboard Miami!”
*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.
Tags: Bogi Nils Bogason, Icelandair
