Brief: Icelandair Expects 2024 Total Revenue Of Around $1.6 Bln With EBIT Margin Of 2-4%

Icelandair hf

02/04/2024 10:12

April 2 (Reuters) - Icelandair Group hf  ICEAIR.IC :
    * NET PROFIT IS EXPECTED TO INCREASE BETWEEN YEARS WITH EBIT
RATIO
OF 2-4%
    * CAPACITY IN 2024, AS MEASURED IN AVAILABLE SEAT KILOMETERS
(ASK), IS EXPECTED TO INCREASE BY 10% YEAR-ON-YEAR
    * Q1 2024 EBIT RESULTS ARE PROJECTED SLIGHTLY WEAKER THAN
LAST
YEAR
    * 2024 EBIT MARGIN IS EXPECTED TO BE IN 2-4% RANGE, NET
PROFIT IS
EXPECTED TO INCREASE BETWEEN YEARS
    * ICELANDAIR EXPECTS TOTAL REVENUE FOR FULL YEAR 2024 TO BE
AROUND
USD 1.6 BILLION
    * REVENUE IN Q1 OF 2024 WAS IMPACTED BY GLOBAL MEDIA
COVERAGE OF
VOLCANIC ACTIVITIES IN SOUTHWEST ICELAND AND SIGNIFICANT
CAPACITY INCREASES IN CERTAIN MARKETS, SUCH AS UK, FRANKFURT AND
AMSTERDAM

Source text for Eikon:  ID:nGNE65wGtp 
Further company coverage:  ICEAIR.IC 

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