OverviewSuggest Edit

Icelandair Group operates in the airline and tourism sectors. The Company operates in three segments: Route Network, Tourism Services, and Shared Services. It offers air travel and cargo air freight services, aircraft, crew, maintenance, insurance, and charter services for the international passenger airlines and tour operators, and airline services to the West Nordic countries. Icelandair also operates hotels and offers various travelling services, as well as cruise services. In addition, it provides airport ground handling services for airlines and passengers, and leisure tours for organized groups and individuals comprising vacation tours, golf and ski trips, and city breaks.

TypePublic
Founded1937
HQReykjavík, IS
Websiteicelandairgroup.is

Latest Updates

Employees (est.) (Sept 2020)4,715
Share Price (Sept 2020)KR1.1 (-3%)
Cybersecurity ratingBMore

Key People/Management at Icelandair

Guðmundur Hafsteinsson

Guðmundur Hafsteinsson

Director
Gunnar Már Sigurfinnsson

Gunnar Már Sigurfinnsson

Managing Director Air Freight and Logistics
Svafa Grönfeldt

Svafa Grönfeldt

Vice Chairman
Arni Hermannsson

Arni Hermannsson

Managing Director of Aircraft Leasing and Consulting
Bogi Nils Bogason

Bogi Nils Bogason

President & CEO
Birna Osk Einarsdóttir

Birna Osk Einarsdóttir

Chief Sales and Customer Experience Officer
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Icelandair Office Locations

Icelandair has an office in Reykjavík
Reykjavík, IS (HQ)
Reykjavíkurflugvöllur
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Icelandair Financials and Metrics

Icelandair Revenue

Market capitalization (24-Sept-2020)

6.1b

Closing stock price (24-Sept-2020)

1.1
Icelandair's current market capitalization is kr6.1 b.
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Icelandair Acquisitions / Subsidiaries

Company NameDateDeal Size
WOW AirNovember 05, 2018

Icelandair Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Icelandair Online and Social Media Presence

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Icelandair News and Updates

Icelandair Group hf.: New Market Making Agreement

Icelandair Group hf. has entered into a new market making agreement with Íslandsbanki hf., whereas the bank undertakes to act as market makers for the Company’s shares in accordance with Article 116 of Act No. 108/2007 on Securities Transactions. The Agreement will become effective when new shares …

Substantial oversubscription in Icelandair Group’s share offering

Icelandair Group’s public offering ended at 16:00 on 17 September 2020. In the offering ISK 20 billion new shares were offered for sale. The offering was oversubscribed by 85% with strong demand from both institutional and retail investors. The offering price was fixed in both order books at ISK 1.0…

Icelandair Group hf.: Government Guaranteed Credit Facility Finalized

As previously announced, a government guarantee for a credit facility has been approved by the Icelandic Parliament. The Company has now completed final documentation with Íslandsbanki, Landsbankinn and the Icelandic Government regarding terms for the credit facility for up to USD 120 million with a…

Icelandair Group hf.: The Icelandic Parliament approves government guarantee for a credit facility

The Icelandic Parliament has today approved a 90% government guarantee for a credit facility for up to USD 120 million to Icelandair Group. The credit facility may only be used towards the Company’s flight operations to and from Iceland and will be conditioned upon a successful share offering along …

Icelandair Group hf.: Updated Information Memorandum

Attached is the updated Information Memorandum (“IM”) regarding the upcoming offering of new shares in Icelandair Group. The IM was initially published on 18 August 2020. A summary of main changes and additions is listed below:

Icelandair Group hf.: Information Memorandum regarding upcoming offering of shares

Attached is an Information Memorandum for potential investors regarding the upcoming offering of shares in Icelandair Group. The memorandum will be followed by the publication of a Prospectus in the upcoming week.
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Icelandair Frequently Asked Questions

  • When was Icelandair founded?

    Icelandair was founded in 1937.

  • Who are Icelandair key executives?

    Icelandair's key executives are Guðmundur Hafsteinsson, Gunnar Már Sigurfinnsson and Svafa Grönfeldt.

  • How many employees does Icelandair have?

    Icelandair has 4,715 employees.

  • Who are Icelandair competitors?

    Competitors of Icelandair include Viking Cruises, CYTS and Flight Centre Travel Group.

  • Where is Icelandair headquarters?

    Icelandair headquarters is located at Reykjavíkurflugvöllur, Reykjavík.

  • Where are Icelandair offices?

    Icelandair has an office in Reykjavík.

  • How many offices does Icelandair have?

    Icelandair has 1 office.