)

Icelandair Group (ICEAIR) investor relations material
Icelandair Group Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 delivered a net profit of €13M (USD 12.9M), a €12M increase year-over-year, with record passenger revenue and strong operational cash flow.
Carried 1.4 million passengers to 56 destinations, with notable 22% growth in to/from Iceland markets.
On-time performance reached 87.2%, ranking highest among large European airlines in April and June.
Cargo and leasing operations delivered strong results, with EBIT improvements and double-digit revenue growth.
Transformation initiatives are expected to deliver €90M (USD 90–95M) in annual impact, with 170 of 400 initiatives implemented.
Financial highlights
Passenger revenue hit a record $393M, up 11% year-over-year; operating income rose 13% to $462.7M.
Net profit for Q2 was €12.9M (USD 12.9M), up €12M from last year; YTD net loss was USD 31M.
Cash and marketable securities at quarter-end were €480M (USD 572M), including $92M undrawn credit lines.
Salaries and related costs increased 16% to €124M, mainly due to a stronger ISK and contractual wage increases.
Cargo revenue rose 13% to $19M; leasing revenue surged 46% to $30M.
Outlook and guidance
Full-year EBIT is expected to be at breakeven, with Q3 bookings ahead of last year and Q4 bookings slower.
Yield pressure persists in the EMEA/via market, but Q3 EBIT and margin are forecasted to improve year-over-year.
If the ISK/USD FX rate had remained at last year's average, EBIT guidance would be €50M (USD 50M) higher.
Long-term target of 8% EBIT margin remains intact, with management confident in achieving this goal.
Next Icelandair Group earnings date

Next Icelandair Group earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage