Icelandair Provided operating guidance for the Year 2016. For the year, the company announced that it will see its international flight schedule in 2016 expand by 18% from 2015. The number of passengers is projected at 3.5 million in 2016, an increase of approximately 450,000 from 2015.  Three new destinations will be added and flight frequency increased to several gateways in both North America and Europe. The company announced a total of 26 aircraft will be used in the Route Network. The increase is expected to result in a continued growth of the Icelandic tourist industry. The company announced available seat kilometers will increase by 18% in 2016, while the number of flights will increase by 14%. The difference is due to the increased weight of longer flights to North America in the schedule. The company announced two 262-seat Boeing 767-300 aircraft will be added to the fleet. The new aircraft are larger than the Boeing 757 aircraft currently operated by the company.

In 2016, the company announced it will offer direct flights to 42 destinations, an increase of three new destinations. As announced earlier, year-round flights to Chicago USA will begin in March 2016, and Montreal Canada will be added as a new destination in May 2016. In March 2016 the company will commence flights to Aberdeen UK, using Air Iceland´s Q-400 aircraft. However, the main reason for the continued growth in the international flight schedule will be the added capacity on routes to a number of gateways in both North America and Europe.