LONDON—Icelandair Group—which includes domestic operator Air Iceland Connect, capacity provider Loftleidir and several tourism-related subsidiaries—recorded a 2018 net loss of $55.6 million, reversed from a net profit of $37.5 million in 2017. The group said the final quarter of the year was characterized by a squeeze on fares, rising oil prices and poor results in domestic air operation, which is under review. The group’s main component, mainline carrier ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Icelandair Posts 2018 $56 Million Loss, Implements Streamlining".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.