Icelandair Q2 Revenue Down 85% On Weak Demand

Icelandair Group’s 2020 second quarter (Q2) operations were significantly affected by the COVID-19 pandemic, which included sweeping travel bans and a massive decrease in demand. In its preliminary results, the Icelandic flag-carrier’s reported Q2 revenue was down 85% to $60 million; its EBIT will...
Kurt Hofmann

Kurt Hofmann has been writing on the airline industry for 25 years. He appears frequently on Austrian, Swiss and German television and broadcasting…

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