Traffic Data March 2011Record Q1 load factor at Icelandair but fuel prices squeeze margins
Icelandair carried 13% more passengers in Q1 2011 than in Q1 2010 and had a record load factor of 71%. Fleet utilisation in the capacity segment is up between years. Air Iceland carried fewer passengers in Q1 2011 than in Q1 2010 mainly due to cancellation of flights relating to bad weather and because of Vestmanneyjar route was ceased in 2010.
"Despite strong demand and a high load factor at Icelandair EBITDA in Q1 2011 will be lower than in Q1 2010. The main reason for this is high fuel prices. Booking status for the summer is good and currency development will to some extent recoup higher fuel price. Our EBITDA forecast of ISK 9.5 billion is unchanged for the year 2011 according to present assumptions." says Björgólfur Jóhannsson, President and CEO of Icelandair Group.
ICELANDAIR |
Mar 11 |
Mar 10 |
CHG (%) |
YTD |
YTD |
CHG (%) |
Number of Passengers (PAX) |
96,639 |
87,839 |
10% |
257,814 |
227,691 |
13% |
Load Factor (%) |
76.7% |
74.4% |
2.3 ppt |
71.0% |
68.1% |
2.9 ppt |
Available Seat Kilometers (ASK´000) |
346,698 |
315,857 |
10% |
990,918 |
888,079 |
12% |
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AIR ICELAND |
Mar 11 |
Mar 10 |
CHG (%) |
YTD |
YTD |
CHG (%) |
Number of Passengers (PAX) |
27,978 |
29,247 |
-4% |
76,978 |
79,828 |
-3.6% |
Load Factor (%) |
69.6% |
72.8% |
-3.2 ppt |
68.6% |
69.3% |
-0.8 ppt |
Available Seat Kilometers (ASK´000) |
12,768 |
11,824 |
8% |
35,353 |
32,949 |
7% |
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CAPACITY |
Mar 11 |
Mar 10 |
CHG (%) |
YTD |
YTD |
CHG (%) |
Fleet Utilization (%) |
94.6% |
86.4% |
8.2 ppt |
95.1% |
88.3% |
6.8 ppt |
Sold Block Hours |
2,731 |
2,719 |
0% |
8,557 |
7,975 |
7% |
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ICELANDAIR CARGO |
Mar 11 |
Mar 10 |
CHG (%) |
YTD |
YTD |
CHG (%) |
Available Tonne Kilometers (ATK´000) |
13,733 |
12,596 |
9% |
36,445 |
34,293 |
6% |
Freight Tonne Kilometers (FTK´000) |
7,186 |
7,924 |
-9% |
18,554 |
20,075 |
-8% |
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ICELANDAIR HOTELS |
Mar 11 |
Mar 10 |
CHG (%) |
YTD |
YTD |
CHG (%) |
Available Hotel Room Nights |
16,492 |
16,492 |
0% |
47,880 |
47,640 |
1% |
Sold Hotel Room Nights |
9,675 |
10,294 |
-6% |
25,124 |
27,486 |
-9% |
Utilization of Hotel Rooms |
58.7% |
62.4% |
-3.8 ppt |
52.5% |
57.7% |
-5.2 ppt |
For further detailed information please contact:
Bogi Nils Bogason, CFO Icelandair Group tel: + 354 665-8801
Íris Hulda Þórisdóttir, Director Investor Relations Icelandair Group tel: + 354 840-7010
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