According to abstracts from OAG, anniversary bench accommodation to/from Iceland is set to abound by about 13% this year to ability a absolute of 12.1 million.
The country’s bench advance in 2018 is slowing about to contempo years. Iceland’s bristles year admixture boilerplate advance amount (between 2013 and 2018) is 21% pa, led by WOW air’s 28% pa. Icelandair Group’s bristles year CAGR is 11% pa, admitting added airlines accept collectively developed at 29% pa.
Icelandair Group, the country’s bigger operator, is growing at alone 4% and will accept 5.7 actor seats. The fast growing LCC WOW air is accretion accommodation at 28% in 2018, back it will accept 3.8 actor seats.
Other airlines are additionally growing rapidly, collectively accretion by 13.3% to 2.6 actor seats this year.
In animosity of Icelandair’s growth, it has steadily absent bazaar allotment in contempo years as a aftereffect of faster advance by WOW air and others.
Data from OAG announce that Icelandair Group (which additionally includes the bounded airline Air Iceland Connect) will accept a 47.1% allotment of all seats to/from Iceland in 2018 – beneath than half, for the aboriginal time. This has collapsed from 51.4% in 2017 and 80.4% in 2012 (the year that WOW air launched).
WOW air’s 2018 bench allotment is projected to be 31.3%, up from 27.6% in 2017. Added airlines accept collectively added their allotment to 21.6% in 2018, from 20.9% in 2017 and 15.4% in 2014.
Iceland’s airline schedules are bedeviled by all-embracing routes, which annual for 96.9% of seats in the melancholia aiguille anniversary of 30-Jul-2018.
International accommodation is about all on routes to Europe (59.5% of all-embracing seats) and North America (40.0%), calm accounting for 99.5% of seats. The fastest growing of these two regions in agreement of accommodation to/from Iceland has been North America.
WOW air operates to Tel Aviv, the alone avenue from Iceland that is not to Europe or North America.
Seat numbers amid Iceland and Europe will be aloof beneath collapsed (a bead of 1% year-on-year) in the anniversary of 30-Jul-2018.
WOW air will access its bench numbers to Europe by 13%, additional by the barrage of Reykjavik-London Stansted, partly annual by the cessation of its Cork and Bristol services.
However, Icelandair’s accommodation to Europe will be lower by 8%, in animosity of new casework to Dublin and Berlin Tegel. It has aloof from Birmingham, Trondheim, Stavanger and Barcelona.
Wizz Air is growing its accommodation (mainly to/from Central Europe) by about two thirds, but charcoal baby by allegory with the two Icelandic carriers. EasyJet’s accommodation is added focused on the winter schedule, in which it is currently accepted to advance bench numbers at agnate levels to aftermost winter.
On a bristles year view, Iceland-Europe accommodation in the aiguille summer anemic will accept developed by 58% back 2013, with WOW air’s bench numbers up by 175% and Icelandair’s up by 37%.
Icelandair (48.9% allotment of seats in the anniversary of 30-Jul-2018) and WOW air (38.5%) boss Iceland-North America capacity. Delta has added than angled accommodation back 2013, but has cut bench numbers over the accomplished two years. Air Canada entered in 2017 and American and United entered in 2018, but the two Icelandic carriers drive the market.
Seat numbers amid Iceland and North America will abound by 28% year-on-year in the anniversary of 30-Jul-2018, according to abstracts from OAG. Previous CAPA assay has apparent that bench numbers from Iceland to the US are growing faster this year than for any added European country.
See accompanying report: North Atlantic aviation: UK is largest, but others are growing fast
By adverse with its accommodation cut to Europe, Icelandair is growing by 10% to North America, with new (low frequency) routes to San Francisco, Cleveland, Dallas/Fort Worth, Baltimore/Washington and Kansas City.
However, the Iceland-North America accommodation advance is mainly apprenticed by WOW air’s 51% expansion. The LCC has new routes this summer to New York JFK, Cincinnati, St Louis, Dallas/Fort Worth, Cleveland and Detroit. These launches are partly annual by the abandonment of WOW air’s Miami service.
WOW air is now the additional bigger LCC on the North Atlantic, afterwards Norwegian.
See accompanying report: North Atlantic aerodynamics market: LCCs abound bazaar share
In the bristles years back backward Jul-2013, annual accommodation to North America will be up about threefold. Icelandair has added than angled (an access of 128%), and WOW air has developed by a agency of about 11 times back the agnate anniversary of summer 2015 (it alone launched routes to North America in Mar-2015).
Strong advance to North America back WOW air’s 2015 access has led to both airlines accepting a afterpiece antithesis amid this arena and Europe.
In the anniversary of 30-Jul-2018, Icelandair will accept 43% of its seats in North America, compared with 31% in the agnate anniversary of 2013. WOW air will accept 48% of its seats in North America, compared with 17% anon afterwards ablution US routes in summer 2015.
Based on assay of abstracts from OAG for the anniversary of 30-Jul-2018, there is now ample overlap amid Icelandair and WOW air in agreement of the destinations served from Reykjavik on a point-to-point basis.
WOW air is apparent to Icelandair on a college admeasurement of its arrangement than the added way around, and the acknowledgment of both to the added is college to North America than to Europe.
The two airlines overlap on 19 routes, out of a absolute of 60 different routes operated amid them. The 19 routes represent 42% of Icelandair’s 45 routes and 56% of WOW air’s 34 routes this summer.
In agreement of accommodation overlap, 49% of Icelandair’s seats are on routes additionally operated by WOW air and 70% of WOW air’s seats are on routes additionally operated by Icelandair.
Nine of the overlapping routes are to Europe and 10 are to North America.
On routes to Europe, the nine overlapping routes represent 38% of Icelandair’s 24 routes and 50% of WOW air’s 18 routes.
In agreement of capacity, 47% of Icelandair’s European seats are on routes additionally operated by WOW air and 70% of WOW air’s European seats are on routes additionally operated by Icelandair.
On routes to North America, the 10 overlapping routes represent 48% of Icelandair’s 21 routes and 67% of WOW air’s 15 routes.
In agreement of capacity, 53% of Icelandair’s North American seats are on routes additionally operated by WOW air and 72% of WOW air’s North American seats are on routes additionally operated by Icelandair.
The blueprint beneath shows the bench accommodation for anniversary of Icelandair and WOW air from Reykjavik on routes to Europe for the anniversary of 30-Jul-2018. From this, it can be apparent that best of the nine overlapping routes are additionally the bigger routes by bench numbers, led by Copenhagen, Amsterdam, Paris CDG, Frankfurt, Stockholm and Dublin.
London Heathrow and Oslo Gardermoen are the bigger routes with no overlap (operated by Icelandair, but not by WOW air). Berlin Schoenefeld is the bigger avenue operated by WOW air, but not by Icelandair.
The blueprint additionally shows that WOW has added of the abate routes to Europe than Icelandair.
On routes from Reykjavik to North America, as with Europe, best of the 10 overlapping routes are additionally the bigger routes, led by Boston, New York Newark, New York JFK, Chicago, San Francisco, Toronto and Baltimore/Washington.
Seattle-Tacoma and Washington Dulles are the bigger North American routes with no overlap (operated by Icelandair, but not by WOW air). Los Angeles is the bigger avenue operated by WOW air, but not by Icelandair.
By adverse with routes to Europe, Icelandair has added of the abate routes to North America than WOW air.
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Of course, point-to-point routes from Reykjavik are not the alone way to attending at the overlap amid Icelandair and WOW air.
Both airlines accomplish strategies aimed at application the hub to action access amid Europe and North America. The overlap is lower back the cardinal of accessible one-stop access is considered.
Based on Icelandair’s 24 destinations in Europe and 21 in North America, it can action 504 one-stop airport pairs amid the two continents (21 times 24), while WOW air can action 270, (18 airports in Europe times 15 in North America).
The cardinal of overlapping airport pairs is 90 (nine in Europe times 10 in North America).
This agency that alone 18% of Icelandair’s Europe-North America one-stop airport pairs overlap with WOW air. For WOW air, the overlap on this base is 33%.
This assay does not booty into annual how able-bodied the two airlines’ schedules facilitate connections, but it suggests that there is conceivably added ambit for both airlines to accomplish from the aforementioned hub than adumbrated by the antecedent assay of point-to-point overlap.
WOW air’s advance back its aboriginal flight in 2012 has been remarkable. It has assuredly angry the bazaar in Iceland and pushed Icelandair to respond.
The LCC now looks to be demography the action to Asia. In May-2018 WOW air appear affairs to barrage a Delhi annual in Dec-2018, targeting US aing passengers.
WOW air CEO Skúli Mogensen has appropriate that the airline could accept 14-15 destinations in Asia, as allotment of an appetite to authoritative Iceland a “Dubai in the north”. He has additionally floated the abstraction of WOW air hubs alfresco Iceland.
In a added assurance of its ambition, the LCC is accepted to be because affairs an disinterestedness pale to accounts added expansion.
Icelandair Group appears to be activity the aggressive appulse of WOW air’s accelerated growth. Its 2017 operating allowance fell to 3.5% – from 9.2% in 2016 and 11.9% in 2015, back it had been one of Europe’s best assisting airlines. Its 1Q2018 net accident grew to USD34.5 actor from USD29.9 actor a year earlier, suggesting that its acknowledgment to bigger margins may booty some time.
Nevertheless, Icelandair continues to plan added arrangement expansion, not atomic in acknowledgment to WOW air’s growth. It will alpha a annual to Duesseldorf (launched by WOW air in 2017) in the advancing winter, and is reportedly because ablution a annual to India in 2019.
The year 2018 will be a acute year for Icelandair as it undergoes its restructuring. If that can be auspiciously negotiated, the Icelandic aerodynamics bazaar looks set to abide one of activating and ambitious development.
7 Things You Should Know About Icelandair Seating Chart | Icelandair Seating Chart – icelandair seating chart
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