All Icelandair articles
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NewsIcelandair recruits Play founder as it rejigs operations roles
Icelandair is rejigging its structure of operational roles, and has recruited one of the founders of Icelandic budget carrier Play, Arnar Mar Magnusson. Icelandair is discontinuing the role of chief operating officer, following the retirement of Sylvia Kristin Olafsdottir. Chief executive Bogi Nils Bogason will directly oversee two functions which ...
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NewsIcelandair to end widebody operations in 2029
Icelandair will cease widebody operations when it retires its Boeing 767-300ER fleet in 2029 and instead focus entirely on narrowbodies.
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NewsIcelandair transformation progresses but economy slows booking pace
Icelandair Group is expecting profitability improvements in the second and third quarters, having cut its first-quarter operating loss by around 10% to $62.3 million. Over the three months to 31 March the company recorded better results across all its business segments. But the company is cautioning that the pace of ...
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NewsIcelandair aims to work fleet harder in 2025 and return to profit
Icelandair is guiding for capacity growth of around 8% in 2025 based on a flat fleet size, amid a continued push for efficiencies after a loss-making in 2024.
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NewsIcelandair expands Southwest connectivity tie-up to two more US airports
Icelandair’s co-operation pact with US budget operator Southwest Airlines is to expand to additional connecting points beyond the initial proposal of Baltimore. The airlines reached a provisional strategic tie-up deal last year, and the two sides have newly finalised the agreement. Icelandair states that the connections will be added at ...
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NewsIcelandair takes first Airbus with delivery of A321LR
Icelandair has taken delivery of a long-range Airbus A321LR, the first model from the airframer in the carrier’s fleet. The twinjet – powered by Pratt & Whitney PW1100G engines – is one of several to be leased from SMBC Aviation Capital. Three will arrive before summer next year. Icelandair is ...
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NewsIcelandair Group claims early results from transformation initiative
Icelandair Group is expecting its transformation efforts to generate significant improvements in profitability in the fourth quarter as well as the 2025 full year.
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NewsIcelandair enters Arctic codeshare pact with two northern carriers
Icelandair has sealed codeshare agreements with Arctic-region carriers intended to support greater connectivity between Europe and North America.
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NewsIcelandair shows off initial Airbus as A321LR rolls out in carrier’s colours
Icelandair has shown off its first Airbus aircraft, an A321LR which has been painted in the carrier’s colours at Hamburg.
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NewsIcelandair sees second-quarter profit fall as seismic activity hits demand
Icelandair Group eked out a small profit during the second quarter as it shifted more of its network towards lower-yielding transatlantic connections amid the impact of seismic activity on demand for travel to Iceland.
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NewsIcelandair prepares for Airbus arrival with simulator acquisition
Icelandair is reinforcing its training regime ahead of introducing Airbus single-aisle jets with an A320neo-family simulator.
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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.