Brief: Icelandair Says Continued Strikes Will Reduce The Likelihood Of All Passengers Reaching Their Destination Before The Holidays

Icelandair hf

15/12/2023 18:09

Dec 15 (Reuters) - Icelandair Group hf  ICEAIR.IC :
    * REG-ICELANDAIR: CONTINUED STRIKES WILL REDUCE THE
LIKELIHOOD OF
ALL PASSENGERS REACHING THEIR DESTINATION BEFORE THE HOLIDAYS
    * FURTHER STRIKES HAVE BEEN ANNOUNCED AT KEFLAVIK AIRPORT ON
MONDAY AND WEDNESDAY NEXT WEEK
    * ICELANDAIR GROUP - THIS WEEK 13,000 ICELANDAIR PASSENGERS 
AFFECTED BY LABOR ACTIONS AND NEXT WEEK ESTIMATES 23,000
PASSENGERS WILL BE AFFECTED.
    * STRIKE EACH DAY TAKES PLACE BETWEEN 4AM AND 10AM
    * ICELANDAIR WILL PURSUE ALL EFFORTS TO SEEK FULL
COMPENSATION
FROM ISAVIA DUE TO FINANCIAL EFFECTS OF STRIKES.
    * BASED ON ASSUMPTIONS TOTAL COST OF LABOR ACTIONS COULD BE
AROUND
USD 5-7 MILLION IF A RESOLUTION WILL NOT BE REACHED

Source text for Eikon:  ID:nGNE2NHTL4 
Further company coverage:  ICEAIR.IC 

 ((Reuters.Briefs@thomsonreuters.com;))