Icelandair Group
ISIN: IS0000013464 | Ticker: ICEAI | LEI: 549300UMI5MBLZSXGL15
Country: Iceland
With Iceland as our hub and home, our core business is built around our international route network and the unique geographical location of the country which makes Iceland the perfect connecting hub between Europe and North America. We serve four markets – to, from, via and within Iceland.
We also operate an airfreight and logistics business through Icelandair Cargo, aircraft leasing and consulting services through subsidiary Loftleidir Icelandic, and tour operator VITA.
Iceland’s unique geographical position provides Icelandair with significant strategic advantages. This is encapsulated in the ability to serve four markets simultaneously, TO, FROM, VIA and Within Iceland. Our aircraft depart to Europe early in the morning and return to Iceland in the afternoon. They depart to North America late afternoon arriving there early evening and return to Iceland at the dawn of the next day, just in time to depart again for Europe.
1937
Served areaWorldwide
Headcount2,393
HeadquartersReykjavikurflugvelli, 101 Reykjavik – Iceland
| Line item in (usd) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 1,034,238,000.00 | 1,171,559,000.00 | 1,411,173,000.00 |
| Noncurrent Assets | N/A | 752,151,000.00 | 762,927,000.00 | 964,925,000.00 |
| Property Plant And Equipment | N/A | 498,438,000.00 | 391,293,000.00 | 505,588,000.00 |
| Investments In Associates Accounted For Using Equity Method | N/A | 9,603,000.00 | 11,592,000.00 | 11,903,000.00 |
| Noncurrent Prepayments | N/A | 3,537,000.00 | 0.00 | N/A |
| Deferred Tax Assets | N/A | 38,836,000.00 | 60,647,000.00 | 55,593,000.00 |
| Current Assets | N/A | 282,087,000.00 | 408,632,000.00 | 446,248,000.00 |
| Inventories | N/A | 23,383,000.00 | 24,398,000.00 | 22,491,000.00 |
| Trade And Other Current Receivables | N/A | 99,334,000.00 | 118,417,000.00 | 155,317,000.00 |
| Cash and cash equivalents | 235,073,000.00 | 117,657,000.00 | 204,767,000.00 | 224,252,000.00 |
| Current Investments | N/A | 41,713,000.00 | 58,197,000.00 | 42,159,000.00 |
| Equity And Liabilities | N/A | 1,034,238,000.00 | 1,171,559,000.00 | 1,411,173,000.00 |
| Equity | 482,478,000.00 | 232,809,000.00 | 222,384,000.00 | 273,386,000.00 |
| Issued Capital | N/A | 212,969,000.00 | 272,204,000.00 | 310,973,000.00 |
| Retained Earnings | N/A | 0.00 | -105,876,000.00 | -57,914,000.00 |
| Share Premium | N/A | 13,208,000.00 | 34,178,000.00 | 0.00 |
| Other Reserves | N/A | 8,373,000.00 | 24,116,000.00 | 19,450,000.00 |
| Equity Attributable To Owners Of Parent | N/A | 234,550,000.00 | 224,622,000.00 | 272,509,000.00 |
| Noncontrolling Interests | N/A | -1,741,000.00 | -2,238,000.00 | 877,000.00 |
| Liabilities | N/A | 801,429,000.00 | 949,175,000.00 | 1,137,787,000.00 |
| Noncurrent Liabilities | N/A | 400,962,000.00 | 457,565,000.00 | 537,903,000.00 |
| Noncurrent Payables | N/A | 17,087,000.00 | 23,384,000.00 | 33,947,000.00 |
| Longterm Borrowings | N/A | 239,575,000.00 | 222,139,000.00 | 207,264,000.00 |
| Current Liabilities | N/A | 400,467,000.00 | 491,610,000.00 | 599,884,000.00 |
| Trade And Other Current Payables | N/A | 141,700,000.00 | 143,736,000.00 | 201,789,000.00 |
| Current Deferred Income Including Current Contract Liabilities | N/A | N/A | 259,080,000.00 | 303,359,000.00 |
| Current Warrant Liability | N/A | N/A | 18,395,000.00 | 0.00 |
| Line item in (usd) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Revenue From Rendering Of Transport Services | 265,523,000.00 | 453,868,000.00 | 1,130,252,000.00 |
| Other Income | 103,329,000.00 | 88,369,000.00 | 76,356,000.00 |
| Employee Benefits Expense | 207,892,000.00 | 215,485,000.00 | 308,591,000.00 |
| Depreciation And Amortisation Expense | 160,343,000.00 | 113,136,000.00 | 118,875,000.00 |
| Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 116,158,000.00 | 0.00 | N/A |
| Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 116,158,000.00 | 0.00 | N/A |
| Other Expense By Nature | 140,742,000.00 | 156,779,000.00 | 248,171,000.00 |
| Profit Loss From Operating Activities | -362,995,000.00 | -135,939,000.00 | 18,851,000.00 |
| Finance Income | 2,735,000.00 | 13,242,000.00 | 8,846,000.00 |
| Finance Costs | 29,579,000.00 | 20,779,000.00 | 32,595,000.00 |
| Profit Loss Before Tax | -437,834,000.00 | -130,059,000.00 | 179,000.00 |
| Income Tax Expense Continuing Operations | -61,658,000.00 | -25,263,000.00 | 5,998,000.00 |
| Profit (loss) | -376,176,000.00 | -104,796,000.00 | -5,819,000.00 |
| Profit Loss Attributable To Owners Of Parent | -366,567,000.00 | -104,298,000.00 | -8,461,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | -9,609,000.00 | -498,000.00 | 2,642,000.00 |
| Line item in (usd) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Profit (loss) | N/A | -376,176,000.00 | -104,796,000.00 | -5,819,000.00 |
| Adjustments For Income Tax Expense | N/A | -61,658,000.00 | -25,263,000.00 | 5,998,000.00 |
| Adjustments For Decrease Increase In Inventories | N/A | -726,000.00 | -1,290,000.00 | 3,020,000.00 |
| Adjustments For Depreciation And Amortisation Expense | N/A | 160,343,000.00 | 113,136,000.00 | 118,875,000.00 |
| Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | N/A | 116,158,000.00 | 0.00 | N/A |
| Adjustments For Fair Value Gains Losses | N/A | 43,026,000.00 | -8,182,000.00 | 580,000.00 |
| Adjustments For Undistributed Profits Of Associates | N/A | -27,423,000.00 | -3,848,000.00 | 1,850,000.00 |
| Interest Paid Classified As Operating Activities | N/A | 19,269,000.00 | 18,214,000.00 | 24,837,000.00 |
| Interest Received Classified As Operating Activities | N/A | 2,077,000.00 | 688,000.00 | 4,428,000.00 |
| Cash Flows From Used In Operating Activities | N/A | -193,219,000.00 | 50,612,000.00 | 190,619,000.00 |
| Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 45,312,000.00 | 6,418,000.00 | 0.00 |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | N/A | 25,726,000.00 | 197,036,000.00 | 112,218,000.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | 41,790,000.00 | 170,101,000.00 | 311,556,000.00 |
| Purchase Of Intangible Assets Classified As Investing Activities | N/A | 730,000.00 | 293,000.00 | 422,000.00 |
| Cash Flows From Used In Investing Activities | N/A | -2,279,000.00 | 4,630,000.00 | -179,041,000.00 |
| Proceeds From Issuing Shares | N/A | 166,396,000.00 | 80,205,000.00 | 52,386,000.00 |
| Proceeds From Borrowings Classified As Financing Activities | N/A | 0.00 | 3,229,000.00 | 42,002,000.00 |
| Repayments Of Borrowings Classified As Financing Activities | N/A | 21,874,000.00 | 20,365,000.00 | 47,799,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | 22,606,000.00 | 30,255,000.00 | 37,518,000.00 |
| Cash Flows From Used In Financing Activities | N/A | 79,659,000.00 | 32,814,000.00 | 9,071,000.00 |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | N/A | -115,839,000.00 | 88,056,000.00 | 20,649,000.00 |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | N/A | -1,577,000.00 | -946,000.00 | -1,164,000.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | N/A | -94,769,000.00 | 83,238,000.00 | 56,315,000.00 |
| Cash and cash equivalents | 235,073,000.00 | 117,657,000.00 | 204,767,000.00 | 224,252,000.00 |
Please note that some sums might not add up.
IS0000013464
LEI549300UMI5MBLZSXGL15
SectorOMX Iceland All-Share Index
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