Iceland is dependent on efficient flight connections for international relations, business, travel and to maintain a good quality of life. As the leading airline in Iceland and an important employer, a successful ramp up of its operations is crucial for Icelandic tourism, the economy and society at large.
Due to the drastic impact of Covid, the Icelandic government introduced general measures to soften the impact of the pandemic. As many other companies Icelandair benefitted from these measures in 2020 and 2021. However, the total tax footprint of Icelandair in the years 2020 and 2021 amounted to around USD 200 million which is five times the measures received. That includes all taxes and fees paid to the government and municipalities, net of the measures received.
Additionally, the indirect impact of Icelandair´s operations is considerable. We transported around 350 thousand tourists to Iceland during 2021 that spent around USD 650 million on products and services within Iceland. Icelandair also plays an important role in the Icelandic seafood industry by securing transport of fresh products to key markets in Europe and North America. The export value of Icelandic seafood that we transported in 2021 was around USD 450 million.
Icelandair managed to successfully ramp up its operations in 2021 and in line with increased production, the Company recruited almost 1,000 employees in 2021, bringing the number of FTEs (average fulltime employee) to almost 2,400 at year-end 2021.