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ICEAIR Icelandair hf News Story

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Brief: Icelandair Prelim Q3 EBIT At $74 Million

Oct 16 (Reuters) - Icelandair Group hf ICEAIR.IC:

SAID ON WEDNESDAY COMPANY POSTS PRELIMINARY Q3 RESULTS

Q3 EBIT APPROX. USD 74 MLN VS USD 83.5 MLN YR AGO

Q3 REVENUE INCREASED YEAR-OVER-YEAR IN LINE WITH PROJECTIONS

COSTS ABOVE PROJECTIONS DUE TO A STRONGER REAL EXCHANGE RATE OF THE ICELANDIC KRONA, WHICH RESULTS IN HIGHER SALARY COST

FY EBIT EXPECTED TO BE NEGATIVE, IN THE RANGE OF USD 10–20 MILLION

 Source text for Workspace: nMFN4YNYHc
 Further company coverage: ICEAIR.IC

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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