Brief: Icelandair Says Profit Of USD 13.7 Million In Q2

Icelandair hf

20/07/2023 18:40

July 20 (Reuters) - Icelandair Group hf  ICEAIR.IC :
    * REG-ICELANDAIR: PROFIT OF USD 13.7 MILLION IN Q2 – HIGHEST
SINCE
2016
    * QTRLY EBIT OF USD 20.9 MILLION, UP BY USD 19.6 MILLION
YEAR-ON-YEAR
    * QTRLY EBIT RATIO 5%, IMPROVING BY 4.7 PERCENTAGE POINTS
BETWEEN
YEARS
    * QTRLY CAPACITY INCREASED BY 17% YEAR-ON-YEAR IN PASSENGER
NETWORK
    * SAYS FORWARD BOOKINGS FOR NEXT SIX MONTHS STRONG AND ABOVE
LAST
YEAR
    * QTRLY OPERATING INCOME OF USD 414.2 MILLION, INCREASING BY
26%
YEAR-ON-YEAR
    * QTRLY EPS $ 0.03
    * QTRLY 1.2 MILLION PASSENGERS CARRIED; 19% MORE THAN IN Q2
LAST
YEAR
    * QTRLY LOAD FACTOR OF 83.6%, ESPECIALLY STRONG DEMAND ON
NORTH
AMERICAN ROUTES
    * QTRLY PASSENGER REVENUE INCREASED BY 28% YEARON-YEAR ON A
17%
CAPACITY INCREASE
    * EBIT MARGIN IS EXPECTED IN THE 4-6% RANGE FOR THE FY OF
2023
    * SEES NET CAPEX FOR FY 2023 BETWEEN $135 MILLION – $145
MILLION

Source text for Eikon:  ID:nGNE1M4PlS 
Further company coverage:  ICEAIR.IC 

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