Stock Exchange Releases

30.12.2020

Icelandair Group hf.: Sale and Leaseback of office Building at Nautholsvegur 50

Icelandair Group hf. has entered into an agreement with Reitir regarding sale of its office building in Reykjavik, Nautholsvegur 50. The sale will take place as of today, 30 December 2020, and Icelandair Group will lease the office building from Reitir for a period of three years, until year-end 2023. The sale price amounts to ISK 2,250 million (USD 17.6 million) which is condit ...

24.12.2020

Icelandair Group hf.: Sale and Leaseback of two Boeing 737 MAX9 aircraft

Icelandair has entered into an agreement with Sky Aero Management (SKY Leasing) regarding a sale and leaseback of two Boeing 737 MAX9 aircraft. The aircraft are expected for delivery in Q2 2021. The lease period for each aircraft will be 12 years. As previously announced, Icelandair had already agreed on a sale and leaseback financing with BOC Aviation on one Boeing 737 MAX8 air ...

08.12.2020

Icelandair Group hf.: Major Shareholder Announcement

Attached is a major shareholder announcement from Lífeyrissjóður starfsmanna ríkisins A deild confirming that its number of voting rights in Icelandair Group is now 1,372,000,000 which corresponds to 4.82% of voting rights in Icelandair Group (triggering threshold: below 5%) due to disposal of shares. Contact information Investors: Iris Hulda Thorisdottir, ...

07.12.2020

Traffic Data November 2020

Like in previous months, the COVID-19 pandemic continued to impact Icelandair Group’s operations in November. Current travel restrictions at the Icelandic borders have heavily affected travel demand to and from Iceland. However, the Company’s freight services in November 2020 were comparable to November 2019. The total number of Icelandair’s passengers in November was around 7,000 decre ...

17.11.2020

Icelandair Group hf.: Major shareholder announcement

Attached is a major shareholder announcement from Íslandsbanki hf. confirming that its number of voting rights in Icelandair Group is now 1,420,279,117 which corresponds to 4.99% of voting rights in Icelandair Group (triggering threshold: below 5%) due to disposal of shares. Contact information Investors: Iris Hulda Thorisdottir, Director Investor Re ...

06.11.2020

Traffic Data October 2020

Like in September 2020, the COVID-19 pandemic and its subsequent travel restrictions and drop in demand continued to impact Icelandair Group’s operations in October. Travel restrictions that were implemented at the Icelandic borders late August have heavily affected travel demand to and from Iceland. However, the Company’s freight services continued to decrease much less, due to the situation, ...

27.10.2020

Presentation of Q3 2020 financial result

Attached is the presentation of Q3 2020 financial results. Attachment ...

26.10.2020

Financial results continue to be affected by Covid-19

Total revenue USD 103.6 million decreasing by 81% from last yearCargo revenues increased by 16%Financial restructuring successfully completed with USD 166.9 million share offering in SeptemberEquity USD 293.1 million at Q3 2020 end and equity ratio 26%Total liquidity USD 399.1 million at Q3 2020 end, thereof cash and marketable securities USD 227.1 milli ...

23.10.2020

Publishing of Q3 2020 results

Icelandair Group will publish its results for the third quarter of 2020 on Monday 26 October 2020. An investor presentation will be webcasted in Icelandic in relation to the disclosure of the results at 8:30 am on 27 October 2020 at: ...

20.10.2020

Icelandair Group hf: Summer schedule 2021

Icelandair has published its planned summer schedule for 2021. The schedule will include 32 destinations with Tenerife as a new addition to the Icelandair route network. The total seat capacity is estimated around 25-30% less than in the same period 2019 due to the effects of the COVID-19 pandemic. In 2021, the Company will continue to focus on its key markets to and from Iceland as wel ...

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