Bluebird Cargo is a successful transportation services provider, operating a fleet of narrow body freighter aircraft, an air cargo sales agency, and related peripheral services.

Founded in the year 2000, Bluebird Cargo commenced flight operations in March 2001 with the operation of a single Boeing 737-300 freighter aircraft. Services were initially offered on route from Iceland, via the UK, to Cologne, Germany; in cooperation with the giant international express parcel company United Parcel Service, UPS. The operation grew steadily by one aircraft per year and by early 2005, Bluebird Cargo operated five B737-300 freighter aircraft. By 2007 that fleet had grown to six freighter aircraft, two B737-400s and four B737-300s. The Managing Director of Bluebird Cargo is Skúli Skúlason.

In addition to the air freight services operated to and from Iceland, Bluebird Cargo operates aircraft on wet-lease basis to three key customers; UPS, TNT, and Alitalia. The wet-lease part of the operation accounts for close to 80% of the total revenue, with the remaining 20% generated by the carriage of general cargo to and from Iceland.