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Icelandair Group hf (ICEAIR.IC)

ICEAIR.IC on Iceland Stock Exchange

24 Mar 2017
Change (% chg)

-0.02 kr (-0.14%)
Prev Close
14.60 kr
14.60 kr
Day's High
14.68 kr
Day's Low
14.40 kr
Avg. Vol
52-wk High
38.90 kr
52-wk Low
13.75 kr

Latest Key Developments (Source: Significant Developments)

Icelandair Group to execute share repurchase program
Monday, 20 Feb 2017 03:36am EST 

Icelandair Group Hf : Says has decided to execute a share repurchase program in order to reduce share capital of company . Share repurchase will at most amount to 114 million shares or 2.28% of total share capital . Shares would be purchased within a period of 18 months . Shares will not be purchased in excess of a total value of 1.700 million Icelandic crowns ($15,334.66) .Share repurchase program will be valid until the end of Sept. 8, 2017.  Full Article

Icelandair Group completes $40 mln bond issue
Thursday, 16 Feb 2017 02:34am EST 

Icelandair Group hf : Said on Wednesday that it has completed a subsequent issue of bonds in the amount of $40 million under the terms of its senior unsecured bonds . Net proceeds will be used for general corporate purposes .Following the issue, the total nominal amount outstanding under the bonds will be $190 million.  Full Article

Icelandair Q4 EBITDA slumps to $2.5 million
Wednesday, 8 Feb 2017 02:41am EST 

Icelandair Group hf : Reported on Tuesday Q4 operating income of $256.5 million, increased by 12 pct . Q4 EBITDA $2.5 million, as compared to $22.9 million in Q4 2015 . EBITDA forecast for 2017 at $140 million-150 million . Says goal that the actions relating to revenue and expenditure will improve financial results by $30 million annually when they are fully implemented in the beginning of 2018 .Proposes a dividend payment to shareholders in 2017 of 565 million Icelandic crowns ($4.97 million), equal to $5.0 million, which represents 6% of profit for the year 2016.  Full Article

Icelandair sees 2017 EBITDA at $140-150 million
Wednesday, 1 Feb 2017 03:57am EST 

Icelandair Group hf : Says 2016 EBITDA will be close to upper limit of guidance that co has published, which is $210 million - $220 million .Expects that EBITDA for 2017 will be $140 million - $150 million.  Full Article

Icelandair Group: November passenger load factor (international flights) up at 79.0 pct
Tuesday, 6 Dec 2016 02:49am EST 

Icelandair Group hf : Number of passengers (international flights) in November was up by 20 pct as compared to November last year . November passenger load factor (international flights) was 79.0 pct compared to 78.3 pct last year . Says load factor has never been higher in November (international flights) .November load factor (passengers on domestic and Greenland flights) was 67.2 pct, decreasing by 7.4 percentage points.  Full Article

Icelandair Group Q3 EBITDA up at USD 161.8 mln
Friday, 28 Oct 2016 01:26am EDT 

Icelandair Group Hf : Said on Thursday that Q3 EBITDA USD 161.8 million, as compared to USD 155.6 million in corresponding quarter last year . Profit after taxes USD 102.8 million over Q3, as compared to USD 103.1 million in preceding year . Company's EBITDA forecast in the amount of USD 210-220 million for the operating year of 2016 remains unchanged .It is expected that passenger revenue will reduce still further in the fourth quarter as a result of a greater decline in average fares than foreseen.  Full Article

Icelandair Group: Number of passengers on international flights in September up by 23 pct
Thursday, 6 Oct 2016 04:15am EDT 

Icelandair Group Hf : Number of passengers on international flights was up by 23 percent as compared to September last year . Capacity increase compared to September 2015 was 28 percent .Passenger load factor (international flights) was 81.1 percent compared to 83.1 percent last year.  Full Article

Icelandair Group: Continued growth in international flights in 2017
Monday, 3 Oct 2016 05:28am EDT 

Icelandair Group hf : Continued growth in international flights in 2017 . Icelandair, a subsidiary of Icelandair Group, will see its international flight schedule in 2017 expand by about 13% from 2016 . Icelandair number of passengers is projected at 4.2 million in 2017, an increase of about 450 thousand from 2016 .Says Icelandair sees available seat kilometres will increase by 13% next year, while number of flights will increase by 8%.  Full Article

Icelandair Group: July number of passengers improves 18 pct year on year
Tuesday, 9 Aug 2016 01:19am EDT 

Icelandair Group hf : Reported on Monday that July number of passengers was 491,007 versus 414,678 in July 2015 .July load factor falls to 87.7 pct from 88.9 pct in July 2015.  Full Article

Icelandair Q2 EBITDA rises to $52.4 million
Thursday, 28 Jul 2016 01:24am EDT 

Icelandair Group hf : Reported on Wednesday Q2 operating income of $331.4 million versus $294.2 million year ago . Q2 EBITDA of $52.4 million versus $50.3 million year ago . Net cash from operating activities $119.6 million versus $86.7 million last year . Operating conditions set to be more difficult in the second half of the year .Says outcome of the Brexit referendum creates market uncertainty.  Full Article

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