Apr 30, 2025 / 07:30AM GMT
Bogi Bogason - Icelandair Group hf - President, Chief Executive Officer, Member of the Executive Committee
Good morning and thank you for joining us for the presentation of our Q1 results.
I'm Bogi Nils Bogason and here with me is Ivar Kristinsson, our Chief Financial Officer.
And as usual we'll go through a presentation and following that we will have a Q&A session and please send us questions to the email address [email protected]
In the first quarter, we saw operational improvements in all business segments, the passing the route network, cargo, and our leasing business at [Lola].
Unit costs continue to decrease, driven by our focus on increased efficiency where we are just turning every stone as part of our transformation journey.
EBIT improved by just less than $7 million previous years and net loss was just over $15 million lower than in the previous year.
Cash flow from operations was very strong, $57 million higher than last year or $204 million US dollars, and total liquidity has never been stronger at the end of the first quarter and
Q1 2025 Icelandair Group hf Earnings Call Transcript
Apr 30, 2025
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