Icelandair: Short-term booking flow slowing but net profit still expected
November 21 2023 - 1:36PM
Icelandair: Short-term booking flow slowing but net profit still
expected
Seismic activity has been ongoing in Southwest
Iceland. Currently this activity has not impacted flight operations
at Keflavik International airport and all Icelandair flights are
operating as normal. Due to this situation, however, booking flow
for inbound tourists to Iceland has slowed significantly for the
near-term. Bookings during the winter months are made close to the
date of travel. Thus, the current situation affects revenue
generation for the remainder of the year, as tourists to Iceland
are an important factor in revenue generation for November and
December.
With this situation ongoing, the guidance
provided to the market on 13 September 2023 no longer applies and
because of the uncertainty it is not possible to provide an
accurate guidance for the full year. However, the Company still
expects to return net profit after taxes in 2023.
Bogi Nils Bogason, President & CEO
of Icelandair:
“We would like to emphasize that the seismic
activity in Southwest Iceland has had no impact on flights to and
from Iceland and the country is welcoming visitors. These events
have, however, impacted the lives of people living in the town of
Grindavik that has been evacuated and our thoughts are with them.
As a leading airline in Iceland for decades, we are used to dealing
with the natural elements and are well prepared for various
different scenarios. We are in close contact with the authorities
and scientists that are closely monitoring the situation and in the
event of any changes to our schedule, we will communicate via our
normal channels.”
Contact Information Investors: Iris Hulda
Thorisdottir, Director Investor Relations. E-mail:
iris@icelandair.is Media: Asdis Petursdottir, Director
Communications. E-mail: asdis@icelandair.is
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