Financial review

Icelandair Group‘s successful share offering in September 2020 marked the final step of the financial restructuring process the Company embarked on when the COVID-19 global pandemic hit. The offering was oversubscribed, with thousands of new investors joining the shareholder group. Despite the unprecedented challenges over the past year, Icelandair Group is a strong position. With a broader investor base, strong balance sheet, the flexibility of its route network and experienced employees, the Company is well-equipped to scale up quickly as soon as markets open again.