Stock Exchange Releases 2017

22.12.2017
19.12.2017

Agreement signed with the Aircraft Mechanics Associations – Strike postponed

Icelandair ehf. and the Aircraft Mechanics Associations (FVFÍ) just signed a wage agreement that is valid until December 31st 2019. The agreement will now be presented to FVFI members that will vote on the agreement.  All labor actions against Icelandair have been postponed until the vote has been concluded. ...

08.12.2017

Icelandair ehf.’s aircraft mechanics call a strike

Members of the Icelandic Aircraft Mechanics Association that work for Icelandair ehf. have called a strike during the following periods: From 06:00 AM 17th December 2017 with no predefined endpoint. The parties are currently negotiating but if Icelandair and the Icelandic Aircraft Mechanics Association will not sign a new collective-bargaining ...

06.12.2017

Traffic Data November 2017

The Company carried 249 thousand passengers on international flights in November. The number of passengers was up by 8% as compared to November last year. The capacity increase between years was 11%. The passenger load ...

15.11.2017

Structural Changes at Icelandair Group

The Board of Directors of Icelandair Group has decided to make structural changes at the company. After the changes, the operations of Icelandair Group and Icelandair will be integrated under one CEO and the finance departments of the companies will be combined. The CEO of the company will be Björgólfur Jóhannsson and the CFO will be Bogi Nils Bogas ...

06.11.2017

Traffic Data October 2017

The Company carried 321 thousand passengers on international flights in October, which was nearly the same number as in October last year. Available seat kilometres remained unchanged between years. The passenger load factor increased from last year and was 83.4% compared to 82.2%. Passengers on domestic a ...

27.10.2017

Presentation of Q3 2017 financial results

Attached is the presentation of Q3 2017 financial results.

27.10.2017

Merger of Iceland Travel and Gray Line abandoned

Icelandair Group, owner of Iceland Travel ehf., and owners of Allrahanda GL ehf., have decided to end negotiations on the merger of the companies. As stated in Icelandair Group's announcement on August 9th. the merger was subject to the results of due diligence which have now been finalized. The decision h ...

26.10.2017

CORRECTION: Net profit USD 101 million in third quarter

A correction has been made to the third bullet point below and in the attaced pressrelease:  EBITDA at USD 161.1 million instead of USD 161.1 billion Total income in Q3 up by 10% between years, to USD 536.0 million Passenger revenue higher than expected EBITDA unchanged year on year, at USD 161.1 million Passen ...

26.10.2017

Net profit USD 101 million in third quarter

Total income in Q3 up by 10% between years, to USD 536.0 million Passenger revenue higher than expected EBITDA unchanged year on year, at USD 161.1 billion Passenger load factor on international routes favourable, at 86.2%, up by 0.6 percentage points between years Equity ratio 43% at the end of September Cash and short- ...

23.10.2017

EBITDA guidance for 2017 increased to USD 165-175 million

According to the draft interim financial statement for the third quarter 2017 the EBITDA  for the quarter is better than was anticipated in the last EBITDA guidance for the year, which was published on July 27th 2017 and amounted to USD 150-160 million. The prospects for the fourth quarter ...

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