Icelandair Group hf (ICEAIR.IC) Key Developments | Reuters.com
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Icelandair Group hf (ICEAIR.IC)

ICEAIR.IC on Iceland Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Icelandair: Number of passengers on international flights up 20 pct in May
Monday, 6 Jun 2016 01:00am EDT 

Icelandair Group Hf : Carried 320 thousand passengers on international flights in May . May 2016 number of passengers (international flights) was up by 20 pct as compared to May last year .May 2016 passenger load factor (international flights) was 77.5 pct, compared to 79.7 pct in May 2015.  Full Article

Icelandair Group hf lowers FY 2016 EBITDA guidance
Thursday, 28 Apr 2016 02:04pm EDT 

Icelandair Group hf:EBITDA guidance for FY 2016 lowered to $235 million-245 million.  Full Article

Icelandair Group proposes FY 2015 dividend of ISK 0.70/shr; issues FY 2016 EBITDA guidance
Tuesday, 9 Feb 2016 02:15am EST 

Icelandair Group hf:Proposes dividend payment of 0.70 Icelandic crown per share for FY 2015.Says EBITDA guidance for FY 2016 assumes an increase from FY 2015 up to a range of about $245 million - $250 million.  Full Article

Icelandair raises FY 2015 EBITDA forecast to $210-215 million
Monday, 26 Oct 2015 06:40am EDT 

Icelandair Group hf:EBITDA forecast for FY 2015 increased to $210 million - $215 million.  Full Article

Icelandair sees international flight schedule in 2016 to expand by 18 pct
Tuesday, 8 Sep 2015 05:25am EDT 

Icelandair Group hf:Icelandair, a subsidiary of Icelandair Group, will see its international flight schedule in 2016 expand by 18 pct from 2015.Says number of passengers is projected at 3.5 million in 2016, an increase of about 450,000 from 2015.Available seat kilometers will increase by 18 pct next year, while number of flights will increase by 14 pct.In 2016, Icelandair will offer direct flights to 42 destinations, an increase of three new destinations.  Full Article

Icelandair Group hf signs agreement for new hotel in Reykjavik city centre
Wednesday, 26 Aug 2015 06:25am EDT 

Icelandair Group hf:Icelandair Hotels, a subsidiary of Icelandair Group, and Lindarvatn ehf. signed lease agreement for term of 25 years regarding the operation of high quality hotel located in former headquarters of Landssiminn near Austurvollur.New hotel, which has not been named yet, will contain 160 hotel rooms but the brand of the hotel is still undecided. The operation of the hotel is expected to begin in the summer of 2017.Along with the signing of the lease agreement, Icelandair Group will purchase 50 pct of the share in Lindarvatn ehf., which is the owner of the property and other properties located near Austurvollur.In total the properties are 15,000 square meters but the hotel is expected to be 11,000 square meters.  Full Article

Icelandair Group upgrades FY 2015 EBITDA outlook
Tuesday, 28 Jul 2015 04:55am EDT 

Icelandair Group hf:Expects now FY 2015 EBITDA will be in the range of $180 million-$185 million.At the beginning of the year issued FY 2015 EBITDA-forecast projecting earnings of $160 million -165 million.  Full Article

Icelandair Group buys Bombardier Q400 aircraft
Thursday, 9 Jul 2015 01:00pm EDT 

Icelandair Group hf:Has purchased three Bombardier Q400 aircraft.Says total investment will increase the total assets of Icelandair Group by $25 million when the estimated sales price of the Air Iceland's five Fokker 50 aircraft has been taken into account.Aircraft will be delivered to Air Iceland in July and August 2015.Investment will be financed with cash from Icelandair Group.  Full Article

Icelandair Group hf revolving loan facility agreement of $70 million
Monday, 18 May 2015 08:00pm EDT 

Icelandair Group hf:Revolving loan facility agreement.Has entered into a five year revolving loan facility agreement for amount of $70 million with Islandsbanki hf.  Full Article

Icelandair Group comments on Q1 and FY 2015 EBITDA guidance
Friday, 24 Apr 2015 05:12am EDT 

Icelandair Group hf:Says Q1 EBITDA will be negative in range of $2 million - 4 million.Says anticipates FY 2015 EBITDA to be in range of $160 million - 165 million.  Full Article

BRIEF-Icelandair enters into new market making agreements

* Entered into market making agreements with Arion Banki Hf., Íslandsbanki Hf. and Landsbankinn Hf