2005 Flugleidir changes its name to FL Group and the holding company announces its emphasis on investment. Later in the year, investments become the focus of FL Group and its acquisitions and corporations are divided into groups – the Icelandair Group being one of them.
2005 Icelandair's route network incorporates a Boeing 767 serving San Francisco, the airline's first destination on the US west coast.
2006 Icelandair Group is listed as ICEAIR on the Iceland Stock Exchange after being sold from FL Group.
2007 Icelandair Group celebrates 70 years of operations.
2013 A contract with Boeing is signed, confirming an order of 16 737 MAX8 and 737 MAX9 aircraft, with an option to buy an additional eight aircraft. The delivery of the first aircraft is scheduled for early 2018.
2016 Passengers in the international route network amount to over 3.7 million, up from 1.3 million passengers in 2009.
2017 Icelandair Group celebrates 80 years of operations. It is estimated that the number of passengers transported in 2017 will reach 4 million.
2021 The domestic airline Air Iceland Connect and Icelandair, both members of Icelandair Group, integrate their operations, with the consequence that 6 new destinations are added to Icelandair's network: Egilsstaðir and Vestmanneyjar in Iceland; Nuuk, Ilulissat, Narsarsuaq and Kulusuk in Greenland.