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ICEAIR Icelandair hf News Story

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Brief: Icelandair Sees FY EBIT Near Breakeven

July 18 (Reuters) - Icelandair Group hf ICEAIR.IC:

SAID ON THURSDAY ICELANDAIR Q2 REVENUE USD 463 MILLION

Q2 NET PROFIT USD 13 MILLION, UP BY USD 12 MILLION YOY

RECORD PASSENGER REVENUE OF USD 393 MILLION IN Q2, UP BY 11% FROM LAST YEAR

Q2 EBIT AT USD 775,000 VS USD 3.3 MLN YR AGO

EBIT WAS NEGATIVELY IMPACTED BY THE STRENGTHENING OF THE ICELANDIC KRONA AND SOFTER VIA DEMAND DUE TO THE GEOPOLITICAL ENVIRONMENT

BOOKINGS FOR Q3 ARE AHEAD OF LAST YEAR, WHILE LONG-TERM BOOKINGS ARE SLOWER

EBIT FOR THE FULL YEAR EXPECTED NEAR BREAKEVEN

Source text: ID:nMFN1Vt9vj

Further company coverage: ICEAIR.IC

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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