The third quarter of the current year was successful for the airline Icelandair. At $560.4 million, the company achieved the highest quarterly sales in the company’s history.

In a direct comparison to the same period last year, profit increased by $26.6 million to $84.5 million. EBIT improved between $92.7 million and $112 million. Sales rose 17 percent to $560.4 million.

In the third quarter of 2023, Icelandair had 1.5 million passengers on board. 16 percent growth was achieved on flights to/from Iceland. The equity ratio increases to 21% compared to 19% at the beginning of the year. The freight business had a negative impact on EBIT of $6.7 million.

“The operation of our route network was reliable this quarter and delivered an improvement in punctuality. Our flight schedule was also the largest ever in terms of the number of trips. We carried 1.5 million passengers to 49 destinations in Europe and North America. They hired around 1,000 employees for the peak season, so the total number of employees in the summer was around 4,400,” explains company boss Bogi Nils Bogason.

The post Iceland: Icelandair achieves record sales in the third quarter of 2023 appeared first on Aviation.Direct.

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