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Icelandair Group hf (ICEAIR.IC)

ICEAIR.IC on Iceland Stock Exchange

13.65ISK
22 May 2017
Change (% chg)

-0.60 kr (-4.21%)
Prev Close
14.25 kr
Open
14.12 kr
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14.12 kr
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13.60 kr
Volume
15,490,854
Avg. Vol
23,036,313
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34.00 kr
52-wk Low
13.05 kr

Latest Key Developments (Source: Significant Developments)

Icelandair: sale and leaseback of four Boeing 737 MAX aircraft
Tuesday, 16 May 2017 06:51am EDT 

May 16 (Reuters) - ICELANDAIR GROUP HF :SALE AND LEASEBACK OF FOUR BOEING 737 MAX AIRCRAFT.ICELANDAIR SIGNED AN AGREEMENT FOR SALE AND LEASEBACK OF FOUR BOEING 737 MAX AIRCRAFT..ONE AIRCRAFT WILL BE DELIVERED IN Q1 OF 2018 AND THREE IN Q1 OF 2019.TWO OF AIRCRAFT ARE BOEING 737 MAX8 AND TWO ARE BOEING 737 MAX9.  Full Article

Icelandair April load factor (international flights) up at 82.6 pct
Monday, 8 May 2017 03:37am EDT 

May 8 (Reuters) - ICELANDAIR GROUP HF ::APRIL LOAD FACTOR 82.6% VERSUS 80.6% YEAR AGO.APRIL INTERNATIONAL FLIGHTS NUMBER OF PASSENGERS AT 272,709 VERSUS 212,217 YEAR AGO.APRIL INTERNATIONAL FLIGHTS LOAD FACTOR 82.6% VERSUS 80.6% YEAR AGO.CARGO TRANSPORT INCREASED BY 1% YEAR-ON-YEAR IN APRIL.  Full Article

Icelandair Group Q1 EBITDA swings to loss of $16.2 million
Friday, 28 Apr 2017 01:52am EDT 

April 28(Reuters) - ICELANDAIR GROUP HF ::SAID ON THURSDAY Q1 OPERATING INCOME $222.4 MILLION VERSUS $211.8 MILLION YEAR AGO.Q1 EBITDA LOSS OF $16.2 MILLION VERSUS PROFIT $1.8 MILLION YEAR AGO.  Full Article

Icelandair Group: number of passengers in March 2017 up by 14 pct
Friday, 7 Apr 2017 02:27am EDT 

ICELANDAIR GROUP HF. : SAID ON THURSDAY CARRIED 252 THOUSAND PASSENGERS ON INTERNATIONAL FLIGHTS IN MARCH . NUMBER OF PASSENGERS IN MARCH 2017 WAS UP BY 14% AS COMPARED TO MARCH LAST YEAR .PASSENGER LOAD FACTOR IN MARCH 2017 WAS 82.4% COMPARED TO 84.1% AT THE SAME TIME LAST YEAR.  Full Article

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

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