1. Iceland Stocks

  2. •

    Transportation

  3. •

    Airlines
Icelandair Group hf

Icelandair Group hf

IICE:ICEAIR
0.66
ISK
-0.02
(-2.81%)
-0.30EPS
31.83BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.21
0.22
0.23
0.26
0.29
0.31
0.29
0.04
0.02
0.03
0.04
0.04
0.04
0.04
Basic EPS, GAAP
0.01
0.01
0.02
0.02
0.01
-0.01
-0.01
-0.03
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.03
0.03
0.01
- -
0.01
-0.04
-0.03
-0.02
- -
- -
- -
- -
- -
0.01
Dividend per Share
- -
- -
- -
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.07
0.07
0.09
0.11
0.12
0.1
0.09
0.01
0.01
0.01
0.01
0.01
0.01
0.01
Tangible Book Value per Share
0.03
0.04
0.06
0.08
0.09
0.06
0.06
0.01
- -
0.01
0.01
0.01
0.01
- -
Basic Weighted Avg Shares
4,975
4,975
4,975
4,975
4,975
4,813
5,244
12,054
31,606
38,807
41,120
41,120
41,120
41,617
Sales/Revenue/Turnover
1,022
1,113
1,138
1,285
1,418
1,506
1,502
426
577
1,263
1,523
1,569
1,731
1,694
Operating Margin (%)
7.04
7.08
12.42
9.16
3.5
-4.1
-2.78
-59.83
-25
1.32
1.33
-0.99
-1.58
-7.69
Depreciation Expense
71
75
84
101
120
133
177
160
113
119
135
154
174
175
Net Income, GAAP
56
67
111
89
37
-56
-56
-367
-104
-8
11
-21
-9
-101
Effective Tax Rate (%)
20.59
19.38
20.68
25.85
22.83
- -
- -
- -
- -
3,350.84
- -
- -
- -
- -
Profit Margin (%)
5.52
5.98
9.78
6.91
2.64
-3.71
-3.71
-86.11
-18.09
-0.67
0.7
-1.31
-0.54
-5.93
Working Capital
-21
-67
-82
-39
-5
-228
-107
-118
-83
-154
-189
-262
-254
-326
LT Debt
78
50
55
197
280
148
377
359
434
504
540
564
600
649
Total Equity
346
365
457
568
597
471
482
233
222
273
288
269
286
230
Return on Invested Capital (%)
12.58
13.94
23.08
12.85
4.47
- -
- -
- -
- -
-77.05
- -
- -
- -
- -
Return on Capital (%)
13.83
15.96
24.85
13.93
5.83
- -
- -
- -
- -
-111.72
- -
- -
- -
- -
Return on Common Equity (%)
17.58
18.72
27.11
17.34
6.44
-10.48
-11.68
-102.16
-45.43
-3.4
3.83
-7.42
-3.38
-43.06

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
117
114
113
LT Borrowings
138
133
129
LT Finance Leases
462
536
520
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
41,120
41,120
41,120
Market Capitalization
291
232
253

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
577
899
837
Cash, Cash Equivalents & STI
366
524
512
Accounts Receivable, Net
76
272
266
Inventories
28
31
31
Total Current Liabilities
831
1,125
1,163
Payables & Accruals
- -
- -
- -
ST Debt
117
114
113
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.73%
4.74%
6.45%
Free Cash Flow
-101.59%
-19.24%
82.83%
Net Income, GAAP
-50.54%
-147.3%
-54.62%
Sales/Revenue/Turnover
14.59%
37.68%
10.29%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
259
409
552
349
1,569
2025
286
463
- -
397
1,731
2026
338
496
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Bogi Nils Bogason
Full Time Employees
3,276
Sector
Transportation
Industry
Airlines
Address
The Icelandair House Reykjavík Iceland 221
IPO Date
Dec 1, 2006
Website
icelandairgroup.is
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Business
Icelandair Group hf. (ICEAIR.IC) operates as an Icelandic travel industry holding company, primarily focused on international airline operations and tourism services through its subsidiaries. The group provides scheduled passenger air transportation to, from, via, and within Iceland via Icelandair; cargo air-freight services utilizing passenger aircraft capacity and dedicated freighters through Icelandair Cargo; domestic and regional flights including to the Faroe Islands and Greenland via Air Iceland Connect; and ancillary tourism services encompassing aircraft leasing, consulting, and travel agency operations. Its route network leverages Iceland's strategic mid-Atlantic location as a hub at Keflavík International Airport for transatlantic connectivity between Europe and North America, serving a fleet of 42 aircraft as of December 2024, while targeting leisure and business travelers with year-round Iceland marketing. Founded in 1937 with roots in Flugfélag Akureyrar, the company is headquartered in Hafnarfjörður, Iceland, following a 2024 relocation from Reykjavík Airport to consolidate operations. Icelandair Group employs approximately 3,166 people and maintains a presence predominantly in Iceland, with international routes spanning North America, Europe, and select Arctic destinations. Subsidiaries include Icelandair, Icelandair Cargo, and Air Iceland Connect, with defunct units such as Loftleiðir Icelandic and VITA previously supporting leasing and tourism. Recent developments include a September 2025 lease agreement for two additional Airbus A321LR aircraft from China Aircraft Leasing Group (CALC), marking a new long-term partnership and advancing fleet modernization to phase out Boeing 757s while enhancing efficiency and route flexibility. In 2025, the group expanded its codeshare partnerships, adding Air India in June and five new airline partners including Southwest Airlines as its inaugural partner, alongside earlier 2024 agreements with Atlantic Airways and Air Greenland for improved Arctic connectivity. It also signed a 2023 purchase agreement with Airbus for 13 A321XLR aircraft (with rights for 12 more), with deliveries starting in 2029 to boost sustainability and network expansion, while achieving a record 4.7 million passengers in 2024 amid 10% Q4 revenue growth.