Icelandair: Traffic Data February 2023

In February 2023, Icelandair’s passengers were 200 thousand, compared to 125 thousand in February last year. Capacity in February was 42% higher than last year and 82% of February 2019.

Passengers on international flights were 181 thousand, compared to 109 thousand in February 2022, an increase of 66%. Passengers to Iceland were 95 thousand and from Iceland 45 thousand. Via passengers were around 40 thousand. The number of via passengers increased threefold year-on-year. On-time performance on international flights was 74%. The load factor on international flights was 76.4%, an improvement of 10.1 ppt year-on-year and the highest load factor in February since 2016. On time performance and passenger numbers were affected by weather related disruptions in February, which led to around 5% reduction in production through cancellations.

Passengers on domestic flights were 19 thousand, compared to 16 thousand in February 2022. On time performance was 70%. Load factor on domestic flights was 78.9%. Weather in Iceland also had a negative effect on domestic on time performance and passenger numbers in February.

Sold block hours in charter flights decreased by 8%. Freight measured in Freight Ton Kilometers increased by 36% compared to February last year. The increase in cargo is due to increased capacity with the introduction of a Boeing 767 widebody into the cargo fleet.

Route Network	Feb 23	Feb 22	CHG (%)	YTD 23	YTD 22	CHG (%)
Number of Passengers	199,886	124,607	60%	409,759	238,010	72%
Load Factor	76.5%	66.4%	10.1 ppt	75.4%	62.8%	12.6 ppt
Available Seat KM (ASK´000,000)	689.7	485.8	42%	1,487.2	1,019.9	46%
Revenue Passenger KM (RPK´000,000)	527.3	322.3	64%	1,121.9	640.6	75%
INTERNATIONAL FLIGHTS	Feb 23	Feb 22	CHG (%)	YTD 23	YTD 22	CHG (%)
To market (passengers)	95,389	66,166	44%	169,960	111,488	52%
From market (passengers)	44,759	26,864	67%	92,210	51,615	79%
Via market (passengers)	40,475	15,693	158%	109,806	47,301	132%
Number of Passengers	180,623	108,723	66%	371,976	210,404	77%
Load Factor	76.4%	66.2%	10.2 ppt	75.4%	62.7%	12.8 ppt
Available Seat KM (ASK´000,000)	682.6	480.2	42%	1,472.7	1,009.6	46%
Revenue Passenger KM (RPK´000,000)	521.7	317.8	64%	1,111.0	632.7	76%
Stage length (KM)	2,877	2,978	-3%	2,939	3,035	-3%
On-Time-Performance (Arrivals)	74.0%	67.0%	7.0 ppt	74.0%	70.0%	4.0 ppt
DOMESTIC FLIGHTS	Feb 23	Feb 22	CHG (%)	YTD 23	YTD 22	CHG (%)
Number of Passengers	19,263	15,884	21%	37,783	27,606	37%
Load Factor	78.9%	80.0%	-1.1 ppt	75.6%	76.8%	-1.2 ppt
Available Seat KM (ASK´000,000)	7.0	5.6	25%	14.5	10.3	41%
On-Time-Performance (Arrivals)	70%	51%	19.0 ppt	77%	58%	19.0 ppt
Cargo & Leasing	Feb 23	Feb 22	CHG (%)	YTD 23	YTD 22	CHG (%)
Sold Block Hours - Leasing	1,289	1,399	-8%	2,340	2,482	-6%
Freight Tonne KM (FTK´000)	13,849	10,189	36%	27,683	20,789	33%
CO2 EMISSIONS	Feb 23	Feb 22	CHG (%)	YTD 23	YTD 22	CHG (%)
Total CO2 emissions tonnes	53,431	39,377	36%	111,281	80,847	38%
CO2 emissions per OTK*	0.79	0.91	-13%	0.81	0.97	-17%

Contact information
Investors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: iris@icelandair.is
Media: Asdis Petursdottir, Director Communications. E-mail: asdis@icelandair.is

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