English Icelandic
Published: 2011-04-08 18:24:21 CEST
Icelandair Group hf.
Company Announcement

Traffic Data March 2011

Record 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%
             
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%
             
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%
             
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%
             
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


Traffic Data March2011.pdf