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Icelandair: Granting of Stock Options

Icelandair: Granting of Stock Options
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Icelandair: Granting of Stock Options

The Board of Directors of Icelandair Group has agreed to implement the resolution made at the Company’s Annual General Meeting on 3 March 2022, to introduce a Stock Option Program. The Company’s Executive Team and other employees at Director level, in total 51 employees, will be granted the right to purchase a total of up to 385,300,000 shares through Stock Option Agreements, thereof 111,000,000 to the Executive Team. Key terms and conditions of the agreements are as follows: Type of share-based ....

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Icelandair swings to full-year profit despite impact of volcanic activity

Icelandair swings to full-year profit despite impact of volcanic activity
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Icelandair: Financial Results 2023 -February 01, 2024 at 03:21 pm EST

Profit of the year USD 11 million, a turnaround from a loss of USD 6 million in 2022 Strong revenue generation in the year and record unit revenue Number of passengers 4.3 million in the year,. ....

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Icelandair: Financial Results 2023

Profit of the year USD 11 million, a turnaround from a loss of USD 6 million in 2022 Strong revenue generation in the year and record unit revenue Number of passengers 4.3 million in the year, an increase of 17% Load factor of the year 81.5%, up by nearly 2 percentage points Seismic activity in Southwest Iceland, volcanic eruption and labor action by air traffic controllers significantly impacted the Q4 results EBIT in Q4 negative by USD 50.3 million Capacity increased 13% in Q4; number of passe ....

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