All Icelandair articles
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NewsIcelandair Group cargo division edges back into operating profit
Icelandair Group has recorded an improvement in its cargo operation, with a return to operating profit in the first quarter. The company states that it is “on track” to deliver a full-year operating profit in the division after implementing a number of efficiency measures. It reduced freight capacity by 9% ...
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NewsIcelandair firms expectations for improved profits in 2024
Icelandair expects its EBIT profit margin to increase to between 2-4% this year on revenues rising to $1.6 billion after firming its financial guidance for 2024.
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NewsIcelandair set to tighten Emirates ties with reciprocal codeshare
Icelandair has tentatively agreed a strategic partnership with Middle Eastern carrier Emirates, potentially leading to a codeshare between the two. The agreement – currently in the form of a memorandum of understanding – was reached at the ITB travel show in Berlin. Emirates has an interline tie-up with Icelandair, but ...
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NewsIcelandair opts for PW1100G to power Airbus single-aisle fleet
Icelandair Group has opted for the Pratt & Whitney PW1100G engine to power its fleet of Airbus A320neo-family jets. The operator says the selection covers up to 35 aircraft, including long-range A321LRs and A321XLRs. Icelandair has also chosen a long-term maintenance package, EngineWise, from the manufacturer. The airline is already ...
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NewsIcelandair Group expects to turn round loss-making cargo division this year
Icelandair Group is expecting its cargo operation to return an operating profit over the course of this year, after recent poor results.
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NewsIcelandair swings to full-year profit despite impact of volcanic activity
Icelandair Group swung to a full-year net profit of $11 million for 2023, despite volcanic activity contributing to a deeper loss in final three months of the year.
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NewsLow-fuel Icelandair 757 incident exposed flaws in airports’ diversion readiness
Icelandic investigators probing a low-fuel situation involving an Icelandair Boeing 757-200 in October 2019 found weaknesses in the ability of the country’s airports to handle a diversion. The aircraft, inbound from Seattle, had been conducting its approach to Reykjavik Keflavik airport’s runway 01 when a BAe 125 executive jet experienced ...
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NewsIcelandair Group still expecting full-year profit despite seismic activity near Keflavik
Icelandair Group is still expecting a full-year net profit despite the effect of seismic activity on tourism flow to the country. The operator states that the geological situation has not affected flights at its Reykjavik Keflavik hub. But Iceland’s meteorological office has been monitoring the area around Grindavik, some 17km ...
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NewsIcelandair achieves record quarterly revenue despite weak cargo results
Icelandair achieved its highest-ever quarterly revenue during the seasonally strong July-September period, even as the weakness of cargo markets weighed on its results.
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NewsIcelandair enters cadet training partnership with Oslo-based flight academy
Icelandair has tied up with a Norwegian flight school, the Oslo-based Pilot Flight Academy, in a training partnership programme for cadet pilots. Cadets recruited to the scheme will initially be trained at Torp-Sandefjord airport before moving to the school’s US facility at Denton Enterprise airport, Texas, for five months’ flying. ...
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NewsIcelandair Cargo chief stepping down as freight activity continues to drag
Icelandair Cargo is initiating a search for a new chief after managing director Gunnar Mar Sigurfinnsson resigned with immediate effect. His decision to step down from the post comes at a crucial point in Icelandair Group’s post-pandemic recovery. The company has been turning in a strong performance but its cargo ...
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NewsIcelandair shuffles senior management as it combines revenue and customer activities
Icelandair’s chief operating officer, Jens Bjarnason, is stepping down from the role, to be succeeded by chief customer officer Sylvia Kristin Olafsdottir. The change is part of a senior management reshuffle at the carrier which also involves chief revenue officer Tomas Ingason moving to become chief commercial officer. Icelandair says ...
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NewsIcelandair Group expects improvement in weak freight market
Icelandair Group is attributing a decline in its cargo performance to weak export markets, but expects the situation to improve later this year. It is supporting the development of Reykjavik airport as a freight hub, and has introduced substantial capacity through the addition of a pair of Boeing 767 freighters ...
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NewsIcelandair confident on full year after strong second quarter
Icelandair Group is confident in its expectations for a full-year net profit, after the strongest second quarter in seven years. The company has disclosed a profit of $13.7 million for the period, on strong unit revenues, and reduced its first-half loss to $35.4 million. Icelandair Group transported 1.2 million passengers ...
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NewsIcelandair seals Airbus shift with A321XLR order
Icelandair has firmed its April preliminary commitment for up to 25 Airbus A321XLRs, while separately leasing four A321LRs SMBC Aviation Capital.
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NewsCrew of 757 failed to notify Heathrow control of incomplete parking before 777 collision
UK investigators have determined that an Icelandair Boeing 757-200 crew did not inform London Heathrow ground control that the aircraft was not fully parked, before it was struck by a taxiing Korean Air Boeing 777-300ER. The 757 had arrived at parking stand 241 in darkness – but good visibility – ...
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NewsAtlantic Airways broadens co-operation with Icelandair to tap US market
Faroese carrier Atlantic Airways, which is tentatively venturing into transatlantic operations, is to build on its co-operation with Icelandair, as the Icelandic carrier expands to serve the Faroe Islands. Atlantic Airways is extending its network to feature a transatlantic service to New York’s Stewart airport in August. The airline plans ...
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NewsIcelandair passenger activity strong in first quarter but cargo proves disappointing
Icelandair Group’s passenger operations proved strong over the first quarter, but the company is citing an unfavourable market – as well as schedule irregularities – for a below-expectation performance in the cargo sector. The company generated revenues of $233 million, including $170 million from passenger services, with record unit revenues. ...
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NewsGlideslope fluctuation preceded Icelandair 737 Max’s hard landing
Canadian investigators have disclosed that an Icelandair Boeing 737 Max 9 sustained tail-skid damage during a hard landing at Toronto in early March. The aircraft had been conducting an approach to runway 33R when it experienced glideslope fluctuation, says Transportation Safety Board of Canada, and the autopilot disconnected. Although the ...
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NewsIcelandair backs domestic sustainable fuel initiative with offtake agreement
Icelandair is to support a domestic initiative to produce sustainable aviation fuel by provisionally agreeing to an offtake of the fuel. It has entered the memorandum of understanding with IdunnH2, a company established in 2020 which is developing a commercial-scale synthetic fuel facility in Helguvik Harbour, close to Icelandair’s base ...