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Icelandair is the largest subsidiary within the Group, accounting for around 53% of its income. In 2007 Icelandair carried 1.6 million passengers on its scheduled flights between Iceland, Europe and North America to a total of 24 destinations. The company operated a fleet of 12 Boeing 757 aircraft during the summer season for its scheduled operations.

The Icelandair business strategy is based on the geographical position of Iceland on the flight route between northern Europe and the eastern shore of the USA/Canada. By combining in its aircraft, passengers visiting Iceland, passengers departing from Iceland and passengers traveling across the Atlantic via Iceland, Icelandair has been able to expand its network steadily over the past decades. In 2007 the Icelandair network revenue grew by 3%, while the number of passengers grew by 4% and load factors were down by 1 percentage points.


Reykjavik Airport - 101
Reykjavik, Iceland

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