Oct 20, 2023 / 08:30AM GMT
Bogi Nils Bogason - Icelandair Group hf. - President & CEO
Good morning, and welcome to the presentation of Icelandair's quarter 3 results. I'm Bogi Nils Bogason, and here with me is our CFO, Ãvar Sigurður Kristinsson. And as usual, we will start by presenting the financials, the outlook. But following the presentation, we will have a Q&A session. And please send us questions via the e-mail [email protected].
But first, a few key takeaways from the information that we published yesterday afternoon. We are very proud of the strong results in the very important third quarter. EBIT increased by 21%, up to $112 million, and net profit rose by 46% to $84 million. The improved results were mainly driven by strong revenue generation, where total revenues increased by 15% or up to $560 million, the highest ever in 1 quarter.
There is definitely a strong demand for Iceland as a destination, especially from North America, and the number of passengers on that market traveling to Iceland or the 2 markets, grew by 16% between years. And our balance sheet continues to strengthen, which is very
Q3 2023 Icelandair Group hf Earnings Call Transcript
Oct 20, 2023
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers