Icelandair is the national airline company of the country that is centered in Keflavik and operates flights on both sides of the Atlantic. Although Iceland is not an EU Member country, the airline company is a party of the EU Regulation. Therefore, it offers the passengers compensation in case of delays, that exceed 3 hours, cancellations and denial of boardings due to overbooking in accordance with the EC261/2004 and the Passenger Contract, as below, and reimbursement of the extra expenses like accommodation, refreshments and communication tools as long as they are reasonable.
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Icelandair was founded in 1937 by Icelandair Group in Iceland. Icelandair’s headquarters are currently located in Icelandic and the main base in Keflavik International Airport. Icelandair is not a star alliance member. The company has 3 stars on Skytrax rating. Birkir Hólm Guðnason leads the company as the CEO. Its subsidiaries include Loftleidir and Icelandair Cargo.
It has declared $ 1,419,528,000 in revenue. Icelandair offers service to 49 destinations in 16 countries and they have carried more than 8.8 million passengers in 2017.
Icelandair’s fleet consists of Boeing 757 model aircrafts. The average age of the fleet is 20.7 years. The youngest aircrafts are the Boeing 737 Next Gen at 0.4 years old. They rank 2 among 249 airlines operating this type of aircraft. The most common aircraft in the fleet is the Boeing 757 with 29 of them at hand. They rank 29 among 63 airlines operating this type of aircraft.