Icelandair has signed lease agreements with aircraft lessor Aircastle for six Airbus A320neo aircraft, which will enter service before summer 2028. This is in addition to the recently announced four aircraft of the same type from lessor AviLease, which will enter the fleet in spring 2027. The ten P…
Record revenue and improved operational metrics were achieved despite a sharp rise in fuel costs, which pressured margins. Strategic fleet renewal, cost transformation, and disciplined capacity management are expected to drive improved profitability in the coming quarters.Based on Icelandair Group…
Record Q2 revenue rose 7% year-over-year, but higher fuel costs led to a net loss of USD 32.3 million and negative EBIT. Passenger numbers, yields, and load factor improved, while transformation initiatives delivered significant savings. Q3 outlook is strong, but fuel price volatility clouds the fu…
Bogi Nils Bogason, President and CEO:“The operating environment was challenging in the second quarter due to significant increases in fuel prices, but we still achieved considerable improvements in many areas and the results were in line with our financial guidance for the quarter. We delivered rec…
Icelandair Group hf OMXICE:ICEAIR:
In June 2026, Icelandair transported 545 thousand passengers, 1% fewer than in June last year. Passenger distribution was as follows: 35% travelled to Iceland, 19% from Iceland, 41% were connecting passengers, and 5% travelled within Iceland.The number of passengers traveling from Iceland increased…
