Icelandair: Traffic Data March 2018

The Company carried 260 thousand passengers on international flights in March. The number of passengers was up by 4% as compared to March last year. The capacity increase between years was 7%. The passenger load factor was 81.9% compared to 80.7% at the same time last year. Passengers on domestic and regional flights were 28 thousand, which is 2% decrease from last year. The capacity was 7% higher than in March 2017. The load factor was 59.9%. Sold block hours in charter flights increased by 25% between years. Cargo transport increased by 5% year-on-year.

The number of available hotel room nights increased by 4% between years due to the opening of Reykjavik Konsulat Hotel in the center of Reykjavik. The room utilisation at the Company’s Hotels decreased between years was 78.0% compared to 86.0% in March 2017. Less occupancy is mainly explained by the Reykjavik Konsulat Hotel. The first operating month of a new hotel is usually low in occupancy since it has only been bookable for a short period of time.