Passenger movement through the airports of Isavia overall were 7.9m in 2019, a decrease of 25% from 2018. The number of international passengers using Icelandic scheduled-flight airports decreased from just under 9.8 million to just under 7.3 million, i.e. a decrease of some 26% year-on-year. The number of domestic passengers fell over the same period, from just under 737,000 to just over 650,000, i.e. a decrease of some 11%.
The operating revenues of the Group amounted to almost ISK 38.4bn and decreased by ISK 3.3bn between years, or by around 8%. EBITDA, i.e. earnings before depreciation, financial items and taxes, decreased by almost ISK 4.5bn, or 40%. The total assets amounted to ISK 80.6bn at year-end 2019, an increase of ISK 0.8bn between years. The position of cash and cash equivalents continued to be strong by the end of the year, as did the company’s access to borrowed funds for continued development. Isavia’s tax footprint for 2019 was ISK 9,021m. This is the proportion that the Group pays or collects in the form of taxes and public levies, together with matching contributions to employee pension funds.