All Icelandair articles
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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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News
Icelandair 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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News
Icelandair 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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News
Icelandair 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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News
Icelandair 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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Interview
Why 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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News
Northern 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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News
Icelandair 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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News
Transatlantic 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 ...
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News
Air Greenland expands network reach with Icelandair tie-up at Keflavik
Icelandair is entering a strategic arrangement with Air Greenland to explore co-operation on the two airlines’ networks. Services operated by Icelandair to Greenland are being transferred to the main Reykjavik Keflavik hub from the downtown Reykjavik airport. This will enable better connections between Air Greenland flights to Iceland, and international ...
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News
Icelandair Group optimistic over second-half profitability
Icelandair Group has generated a second-quarter profit of $4 million, and is optimistic that its second half will be profitable and include a “significantly stronger” third quarter. The company says it achieved positive earnings despite fuel prices more than doubling. Icelandair Group expects capacity to recover to 10% down on ...
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Newsletter
Airlines turn to baggage-only flights and onboard ground-handlers
As the second-quarter financial results season kicked off this week, there was a striking comment from Delta Air Lines about the measures it is taking to combat operational challenges.
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News
Icelandair to take 737 Max fleet to 20 with further leases
Icelandair Group is to take its fleet of Boeing 737 Max jets to 20 through a new agreement to lease additional aircraft. It has entered a pact with Singapore-based lessor BOC Aviation for a long-term operation lease of two 737 Max 8s. Icelandair Group says the aircraft will be delivered ...
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News
Icelandair signs preliminary deal to buy four 737 Max jets from Boeing’s built backlog
Icelandair has signed a letter of intent to acquire four Boeing 737 Max aircraft from the manufacturer’s backlog of built aircraft.
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Interview
Icelandair chief on Covid recovery, Max jets, 757s, cargo and competition
With the group restructured during the pandemic, Icelandair under Bogi Nils Bogason is emerging as a streamlined, aviation-focused business with a decision ahead on its future fleet
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News
Icelandair revisits hedging as fuel prices weigh on financial figures
Icelandair Group has started rebuilding a fuel-hedging position, suspended during the pandemic, as it notes the effect of fuel prices on its first-quarter performance. The company has turned in a pre-tax loss of $62.5 million and a net loss of nearly $50 million for the three months to 31 March. ...
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News
IPO eradicates risk of ‘megalomania fit’ at growing airline: Play chief
The chief executive of Icelandic budget airline Play has explained how last year’s IPO was an important step in taking risk “off the table” for the start-up carrier’s stakeholders following the missteps at defunct compatriot Wow Air.
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News
Icelandair opts for early termination of unused government-backed credit
Icelandair Group has notified that it is exiting the government-guaranteed credit facility which has been in place to support the company since September 2020. It entered agreements with the Icelandic government, as well as the financial institutions Islandsbanki and Landsbanki, for a credit facility worth up to $120 million. While ...
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News
Icelandair embarks on detailed planning to replace remaining 757 fleet
Icelandair Group will look to replace its Boeing 757 fleet from the second half of the decade, following a review of its long-term strategy. Chief executive Bogi Nils Bogason, speaking during the company’s full-year results briefing, stated that the current fleet composition is “very well suited” to its route network ...
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Analysis
Boeing 737 Max programme enjoys better news after order setbacks
Boeing’s 737 Max programme has enjoyed a much-needed period of positive news following an inauspicious end to 2021 that saw Air France-KLM and Qantas place significant narrowbody orders with Airbus.
