The perhaps best-known airline in Scandinavia is Scandinavian Airlines, widely referred to as SAS. The Swedish, Danish and Norwegian governments each hold major shares in the company, which has its headquarters in Stockholm, Sweden. The main hubs of Scandinavian Airlines are the airports of Stockholm-Arlanda, Copenhagen-Kastrup and Oslo-Gardermoen. The airline operates domestic flights within Sweden, Denmark and Norway, as well as international flights within Europe, to North America, the Middle East and Asia.
Scandinavian Airlines is a member of Star Alliance, one of the world's largest global airline alliances. With its nearly 800 daily departures, SAS served more than 120 destinations around the globe in 2016/2017. In that period, a fleet of 158 aircraft transported more than 30 million passengers. And with a market share of 31 percent, SAS is one of the leading airlines operating flights to, from and within Scandinavia.
Passenger transportation accounted for the greatest share of SAS’s revenue, which amounted to approximately 42.65 billion Swedish kronor in 2017.
Norwegian Air Shuttle
Norwegian, as the name shows, is a Norway-based low-cost airline and one of the most profitable airlines in Scandinavia. The headquarters are located in Fornebu, Norway. In addition to Norway, the airline has several bases for its operations in Sweden, Denmark, Finland, the United Kingdom, Spain, Thailand, the United States, Italy and the French Caribbean.
Around 130 destinations are served by Norwegian on 472 routes around the globe. Most of the company’s revenue is generated by international flights to destinations in Europe, Northern Africa, the Middle East, Thailand, the Caribbean and the United States. Those destinations are reached with the airlines’ 118 aircrafts.
Most of the 29 million passengers taking advantage of the low-cost transportation service of Norwegian are Norwegians themselves, but Swedish and Spanish travelers also book flights with the airline. More than 70 percent of them purchase their tickets online.
The Icelandair Group does its best to unlock what Iceland has to offer to its customers: with its central location, Iceland is a convenient hub for flights between Europe and North America, which also turns Iceland and Kevlavik International Airport into a famous stopover destination. As a result, the Group’s nine subsidiaries focus mainly on operations in the international aviation and tourism sector. The Icelandair Group consists of two passenger airlines, a cargo airline, hotels, and has its own tour operators.
In 2016, the Icelandair Group employed roughly 4,200 full-time employees, of which nearly 2,100 were employees of the airline Icelandair. The revenue of the Icelandair Group is mostly generated by passenger transportation, with 970 million U.S. dollars recorded in 2017. Air cargo contributed roughly 63 million U.S. dollars in revenue.
In 2017, a total of 4.05 million passengers, of which roughly one half were transfer passengers, have been transported on international flights operated by the Icelandair Group. Those international flights had a load factor of over 82 percent. The Icelandair Group is also responsible for domestic and regional flights which include flights in Iceland, to Greenland and Scotland with aircraft of the subsidiaries Icelandair and Air Iceland. Roughly 350 thousand passengers used the Group’s airlines to get from A to B on regional flights with a load factor of approximately 66 percent.
Passenger air transportation and air cargo, as well as the tourism business in Iceland generated over 1.4 million U.S. dollars in revenue in 2017.