Skip to main content

Traffic Data October 2020

Written by Customer Service on . Posted in Public Companies.

Like in September 2020, the COVID-19 pandemic and its subsequent travel restrictions and drop in demand continued to impact Icelandair Group’s operations in October. Travel restrictions that were implemented at the Icelandic borders late August have heavily affected travel demand to and from Iceland. However, the Company’s freight services continued to decrease much less, due to the situation, than the capacity reduction of the Icelandair route network.The total number of Icelandair’s passengers in October was around 7,500 decreasing by 98% from October 2019. The number of passengers to Iceland was around 3,100 and from Iceland around 4,300. The number of via passengers was insignificant, reduced by almost 100%. The load factor on Icelandair’s flights was 35.7% compared to 85.3% in October 2019. The total capacity was 96% less than in October last year. On-time performance was 93% in October compared to 75% the year before.The number of passengers on domestic flights was around 6,800 in October, decreasing by 72% from the year before. The total capacity was down by 62%. The load factor was 52.8% compared with 74.3% the year before.The number of sold block hours in charter flights decreased by 74% year-on-year. Freight decreased by 15%, measured in Freight Tonne Kilometres.
Contact informationInvestors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: iris@icelandairgroup.is
Media: Asdis Petursdottir, Director Communications. E-mail: asdis@icelandair.is

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.