“Our schedule for 2008 will be similar to our 2007 schedule but we are changing our North Atlantic operations by moving to Toronto in Canada from Baltimore/Washington. We have expanded considerably over the past few years, so the focus in 2008 is on making adjustments to our network. We have a strong focus on serving our domestic Icelandic market and visitors to Iceland and we are fine-tuning the Icelandair network and our capacity in order to increase its profitability,” says Jón Karl Ólafsson, CEO of Icelandair.

Toronto is Canada's largest city and transportation center. “This city has the potential to become a very popular destination for Icelanders as it's a thriving multicultural city. It also offers possibilities for inbound tourism to Iceland as Toronto is the key Canadian transportation hub for millions of people. Last year we started flying again to Halifax, so we have a strong focus on Canada at the moment,” says Jon Karl. “We say goodbye to Baltimore/Washington now after flying to the city for years. Unfortunately the route became less profitable recently, following the departure of thousands of U.S. citizens from the U.S. military base in Iceland.”

Icelandair's inaugural flight to Toronto will take place on May 2 2008.