All Icelandair articles
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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 ...
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NewsIcelandair closes-in on fleet-renewal decision after airframer talks
Icelandair Group is intending to indicate the results of fleet-renewal discussions over the first half of this year. The operator has been looking to secure deliveries of aircraft over the course of the current decade, as it phases out Boeing 757. Icelandair Group owns 17 passenger 757s, including a pair ...
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NewsIcelandair Group illustrates recovery with full-year operating profit
Icelandair Group has turned in a full-year operating profit of $18.8 million, after keeping its fourth-quarter operating loss to $16.7 million. It generated revenues of $1.26 billion last year including $291 million in the final quarter, during which its capacity had recovered to being 5% down on pre-crisis levels. Icelandair ...
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NewsIcelandair to launch Detroit flights next summer
Icelandair is to add a summer service to Detroit next year using Boeing 737 Max jets, picking up a route previously served by now defunct Icelandic rival Wow Air.
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InterviewWhy Icelandair is banking on flexibility to sustain recovery
Buoyed by record revenue and load factors in the third quarter, airline chief executive Bogi Nils Bogason sees the combination of its connecting model across the Altantic and Iceland’s strong tourist market as positioning the carrier to thrive beyond this summer’s peak
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NewsNorthern Pacific upgrades terminal space in Anchorage ahead of 2023 launch
Start-up US airline Northern Pacific Airways has almost completed a $6 million upgrade of the terminal space it is leasing at Anchorage International airport in Alaska.
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NewsIcelandair seeks proposals for fleet replacement beyond 2024
Icelandair Group is fleet-planning for modernisation beyond 2024, with requests for proposals to Boeing and Airbus, as well as engine manufacturers. The company says it is aiming to secure “efficiently” a delivery stream of aircraft throughout the current decade, and support replacement of the Boeing 757 fleet along with expansion. ...
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NewsTransatlantic recovery lifts Icelandair third-quarter performance
Icelandair Group generated third-quarter operating profit of $92.7 million, after a strong period in which it took revenues of more than $487 million – including record passenger revenues of $408 million. Net profit stood at $57.8 million. The company reached 82% of pre-crisis capacity. “We had robust results on the ...