newstodate.aero
Nov 17, 2010 (newstodate): The continued recession in Iceland's economy is putting its clear stamp on Icelandair Cargo's performance in 2010.
-Exports are booming and have recovered from the crisis, thanks to the weak Icelandic Krona, but imports remain severely hit by the low consumption power in the market, and import volumes are still down 30-35 percent on 2008-levels, says Gunnar Mar Sigurfinsson, Icelandair Cargo managing director.
-However, our strategy remains to focus on our core market, transportation to and from Iceland, and during this winter our freighter traffic will remain almost unchanged as to frequencies and destinations.
-To keep our fleet busy, four Boeing 757-200F aircraft are operating for integrators on flights between points in Europe. This includes three aircraft serving with TNT and one with DHL. This way our rate of utilization remains satisfactory, and that is crucial to a sound over-all operation of Icelandair Cargo.
-In addition to our freighter traffic, we are also selling capacity on Icelandair's passenger flights, and we are seeing good loads from Scandinavia and Europe to the US market.
-In the existing economic environment we can only strive to manage operations well in order to secure balanced operations and an optimal rate of utilisation of the resources invested. And this is going rather well for us.
-To sum it up, Iceland is still in recession with many unsolved challenges. Exports are running high, while imports are at a low, yet slowly improving, level, says Mr Sigurfinsson.
-Exports are booming and have recovered from the crisis, thanks to the weak Icelandic Krona, but imports remain severely hit by the low consumption power in the market, and import volumes are still down 30-35 percent on 2008-levels, says Gunnar Mar Sigurfinsson, Icelandair Cargo managing director.
-However, our strategy remains to focus on our core market, transportation to and from Iceland, and during this winter our freighter traffic will remain almost unchanged as to frequencies and destinations.
-To keep our fleet busy, four Boeing 757-200F aircraft are operating for integrators on flights between points in Europe. This includes three aircraft serving with TNT and one with DHL. This way our rate of utilization remains satisfactory, and that is crucial to a sound over-all operation of Icelandair Cargo.
-In addition to our freighter traffic, we are also selling capacity on Icelandair's passenger flights, and we are seeing good loads from Scandinavia and Europe to the US market.
-In the existing economic environment we can only strive to manage operations well in order to secure balanced operations and an optimal rate of utilisation of the resources invested. And this is going rather well for us.
-To sum it up, Iceland is still in recession with many unsolved challenges. Exports are running high, while imports are at a low, yet slowly improving, level, says Mr Sigurfinsson.