Icelandair Group hf.
Icelandair Group announces growth plans in international flights for 2014
Passenger increase expected 350 thousand
Direct flights to 38 destinations
Three Boeing 757 added to the fleet
Edmonton, Vancouver and Geneva new destinations
Operation has doubled over a five year period
Icelandair Group’s international flight schedule for 2014 is the biggest in the Company‘s history, increasing by 18% from this year. Three new destinations will be added and frequency increased to several cities in North-America and Europe. Number of passengers is estimated at over 2.6 million in 2014, compared to a forecast of around 2.3 million this year. In 2014 three Boeing 757 aircraft will be added to the fleet, enlarging it from 18 to 21 aircraft. The implementation of a new air traffic agreement between Iceland and Canada opens up new possibilities in flight services between the two countries and connecting flights to and from European destinations.
Icelandair has seen strong organic growth in the past few years and the 2014 international flight schedule is double in size compared to the one in 2009. Departures from Iceland have grown from 4,500 in 2009 up to 9,000 next year, and passenger numbers in 2009 were 1.3 million or half of next year’s estimate. As a result, continued growth in the number of tourists travelling to Iceland next year can be expected.
New destinations: Edmonton, Vancouver and Geneva
Flights to Edmonton, capital of Alberta, will start March 26 and continue until January 2015, four times a week. The Edmonton economy is strong with 1.2 million inhabitants. The Company is aiming for a full year service to the city.
The Vancouver twice weekly flights start May 13 and continue until October 12. Vancouver, western Canada‘s largest city with a population of 2.3 million, is often voted the most beautiful and best city to live in the world.
The Geneva service starts May 24 and continues twice weekly until September 23. Geneva is an historic city and center for many international organizations with a multinational population of 1.1 million.
For further information, please contact:
Björgólfur Jóhannsson President and CEO, Icelandair Group, tel. +354-896-1455
Bogi Nils Bogason, CFO, Icelandair Group, tel. +354-665-8801