Icelandair recorded a 13% year-on-year growth in its passenger numbers to 146,000 for October.
Capacity rose 18% while load factor declined 0.9 percentage points to 81.5%.
At Air Iceland, passenger numbers dropped 4% to 29,400 against a capacity increase of 7%. The load factor was 67.6%, down 4 percentage points year-on-year.
On the cargo front, throughput increased by 7% against a capacity growth of 12%, said Icelandair.