Icelandair carried a total of 347 thousand passengers in November, a 15% year-over-year increase. The growth was particularly strong in the market from Iceland, where passenger numbers rose by 25% and in the via market, which grew by 18%. Of all passengers in November, 31% were traveling to Iceland, 20% from Iceland, 42% via Iceland, and 6% domestically.

The load factor was 83.5%, and on-time performance was outstanding at 88.8%, an increase of 4.1 percentage points from last year. According to Cirium Analytics, Icelandair was the most punctual airline in November, its fifth time achieving this distinction in 2025. Year-to-date, 4.7 million passengers have flown with Icelandair, representing an 8% increase over the same period last year.

Sold block hours in the Leasing business decreased by 3% year-on-year in November. Freight transport, measured in Freight Ton Kilometers, declined by 10%, driven by less fish export than last year. CO₂ emissions per Operational Ton Kilometer decreased by 1% due to a higher proportion of more fuel-efficient aircraft in the fleet.

Bogi Nils Bogason, Icelandair President and CEO:
“November was the largest in our history, reflecting our strong focus on reducing seasonality and building demand during the off-peak period. We are particularly pleased that passenger numbers outpaced the increase in capacity, resulting in a record load factor for the month of November. This achievement is especially impressive given that we introduced five new destinations this winter. Combined with exceptional on-time performance, the best in Europe for the fifth time this year, these results underscore the strength and reliability of our network and the dedication of our employees.”

Contact information
Investors: Íris Hulda Þórisdóttir, Head of Investor Relations. E-mail: iris@icelandair.is
Media: Asdis Petursdottir, Director Communications. E-mail: asdis@icelandair.is

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Icelandair: Number of passengers increased by 15% in November
11 Traffic Data

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