Þórshöfn Airport was previously located about 4.8 km to the northeast, at 66°15′07″N 15°16′23″W / 66.25194°N 15.27306°W / 66.25194; -15.27306 (Former location of Þórshöfn Airport (ICAO:BITH)), near Sauðanes, and had the ICAO code BITH (but the same IATA code – THO).
Domestic airports do not need security checks in Iceland, and the 19-seat Twin Otter aircraft used does not need large terminals.
In July 1969, Douglas R4D-6 Bu 150187 of the United States Navy was damaged beyond economic repair in an accident at Þórshöfn Airport.
Pilot Russell W. Sims Jr, Executive Officer of NAS Keflavik, was flying in supplies and mail when cross winds, unimproved runway surface coupled with what the investigative report stated was pilot error was not able to keep control of the plane upon landing, going off the runway surface and destroying the landing gear.
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