Overview
Icelandair Group can show you its home country by air, land, and sea. The group includes about a dozen subsidiaries offering everything from scheduled and charter air travel and cargo service to domestic hotels and travel arrangements (land-based, cruise, and business). Other units handle airline-related support functions, including aircraft leasing, ground support at Reykjavik's international airport, and financial services, for Icelandair Group and
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Read More third-parties. Icelandair, the company's largest subsidiary (40% of revenue), provides scheduled passenger service to about 25 destinations in Europe and North America using about a dozen Boeing 757s. All told, the company has about 70 planes.
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Read More third-parties. Icelandair, the company's largest subsidiary (40% of revenue), provides scheduled passenger service to about 25 destinations in Europe and North America using about a dozen Boeing 757s. All told, the company has about 70 planes.
Read Less
Gudmundur Hafsteinsson
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Management of Companies and Enterprises
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Holding companies, nec
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Actual
$1.57 billion
Actual
3.05%
$1,637
DEC
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OMX Iceland:ICEAIR
Contacts
Get in Touch with 7 Principals*
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Gudmundur HafsteinssonChairman of the Board
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Contact 2?
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Contact 3?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$1.57 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $221 | $215 | $191 |
| Net Investing Cash | -$165 | -$184 | -$179 |
| Net Financing Cash | -$105 | -$57 | $9 |
| Net Change in Cash | -$49 | -$25 | $21 |
| Cash at Beginning of Period | $200 | $224 | $205 |
| Cash at End of Period | $150 | $200 | $224 |
| Capital Expenditure | -$112 | -$134 | -$312 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $150 | $200 | $224 |
| Accounts Receivable | $160 | $56 | $51 |
| Inventories | $24 | $24 | $22 |
| Other Current Assets | $109 | $178 | $148 |
| Asset Summary | |||
| Total Current Assets | $444 | $457 | $446 |
| Tangible Fixed Assets | $966 | $904 | $825 |
| Intangible Assets | $ | $33 | $33 |
| Total Assets | $1,638 | $1,528 | $1,411 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $241 | $55 | $54 |
| Short-Term Debt | $41 | $45 | $48 |
| Other Current Liabilities | $423 | $546 | $497 |
| Liability Summary | |||
| Total Current Liabilities | $706 | $646 | $600 |
| Long-Term Debt | $165 | $207 | $207 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $1,369 | $1,239 | $1,138 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $311 | $311 | $311 |
| Retained Earnings | -$81 | -$44 | -$58 |
| Equity Summary | |||
| Total Equity | $267 | $287 | $273 |
| Shares Outstanding | 41,120,247,000 | 41,120,247,000 | 41,120,247,000 |