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.
Proven and flexible business model
Improved competitiveness to ensure profitability going forward
Strong position in highly attractive Icelandic tourism market
Opportunities to grow unique transatlantic hub
Strong balance sheet and liquidity position