Icelandair Expects Q4 and Full-Year Loss
Icelandair reported record Q3 revenue and improved EBIT, but expects a loss in Q4 and for the full year, citing high fuel prices, unfavorable currency movements and industrial actions.
Icelandair Group hf. said it expects to post a loss in Q4 and for the full year, citing high fuel prices, unfavorable currency movements and industrial actions. The company also reported strong Q3 operations, record revenues and an improvement in EBIT.