Cheap flights from Toronto to Reykjavik from C$ 385

The month of January is, on average, the cheapest month to fly to Reykjavik from Toronto, with most prices found around C$ 723. If you aren’t able to travel to Reykjavik during the month of January, then flying in February is also cheap. Prices for this month can be found on momondo for an average of C$ 724.

The cheapest day to depart from Toronto to Reykjavik is on a Monday when prices can be found for as low as C$ 818. Flights from Toronto to Reykjavik on a Saturday will generally be more expensive and average around C$ 884. Keep in mind that these prices on both days could fluctuate depending on the season and the demand.

Fly from Toronto Pearson Intl to Reykjavik Keflavik Intl for the best Toronto - Reykjavik flight prices

You are more likely to see cheaper flights to Reykjavik from Toronto when booking weeks ahead of your departure date. In general, you can expect to find flights to Reykjavik for around C$ 844 when searching weeks out. However, flight prices might be lower outside of this timeframe. For example, people recently found flights to Reykjavik from Toronto for as low as C$ 789 on momondo.

There are 3 cabin classes available to choose from on Toronto to Reykjavik flights. Cabin price and availability will vary by airline so perform a search above to find the right deals for you.

Historically, on average around 15% of flights between Toronto and Reykjavik have experienced a delay on any given week. The average delay length over the past 12 months has been 144 minutes.

Generally, flights departing in the evening tend to experience fewer delays. Flights departing in the early afternoon have, in the past, seen delays more frequently in comparison.

Tuesday is statistically the day of the week that experiences the fewest delays on this flight route. Saturday has historically seen more delays on average compared to the rest of the week.

According to our data, Icelandair has had the least delays on this route over the last 12 months, with about 9% of their flights experiencing any sort of delay.

The number of flights available between Toronto and Reykjavik is 4 per day as of July 2026. The most frequent departure time is 11:00p.m., with 100% of daily flights leaving in the evening.

As of July 2026, 31 flights take off from Toronto and land in Reykjavik each week. The most common flight departure day for this route is Mon, with 16% of weekly flights taking off on this day.