In May 2025, Icelandair carried 448,000 passengers, up 13% year-over-year, with a strong 18% increase in inbound travel to Iceland. So far in 2025, the airline has served over 1.6 million passengers.
Passenger breakdown for the month:
- 29% travelled to Iceland
- 16% from Iceland
- 50% were transiting
- 5% flew domestically
The load factor was 79.6%, and on-time performance reached 84.1%. While yield dropped 2% due to competitive transatlantic pricing, charter flight hours rose 10%, and freight volume increased 2%. CO? emissions per tonne-kilometre decreased 4%, showing improved sustainability.
CEO Bogi Nils Bogason highlighted new strategic moves, including:
- A codeshare agreement with Air India
- Expanded partnerships with Southwest and Turkish Airlines
- New winter routes to Edinburgh and Malaga
- An extended Nashville schedule
- Delivery of Icelandair’s fourth Airbus, boosting future network flexibility and efficiency.