)

Icelandair Group (ICEAIR) investor relations material
Icelandair Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
- Q3 revenue reached a record $585.3 million, up year-over-year despite fare pressure in the transatlantic market and cost headwinds. 
- Net profit for Q3 was $57.3 million, down from the previous year, with EBIT at $74 million and a margin of 13%. 
- Strong liquidity at $503 million, improving by $107 million year-over-year. 
- Transformation program delivered $50 million in impact year-to-date, with over 200 initiatives implemented and targeting $100 million annualized by end of 2025. 
- Route network flexibility and efficiency gains offset weakness in transatlantic and via markets, with 1.7 million passengers carried in Q3. 
Financial highlights
- Total revenue increased 6% year-over-year, driven by strong demand to and from Iceland. 
- Passenger revenue up 5% to $522 million; cargo revenue up 7%; leasing revenue strong with a 21% EBIT margin. 
- Operating costs rose 9% to $464.6 million, mainly due to negative currency effects and inflation. 
- Fuel costs decreased 5% due to lower prices and improved fleet efficiency. 
- Depreciation rose, reflecting more leased aircraft; net finance expenses increased year-over-year. 
Outlook and guidance
- Full-year 2025 EBIT expected to be negative $10–20 million, reflecting ongoing cost pressures and currency headwinds. 
- Modest 2% capacity growth planned for 2026, focused on shoulder and low seasons and to/from Iceland markets. 
- Transformation program expected to deliver $100 million annually. 
- Booking trends for coming months have improved since Q2, with October bookings stronger than last year. 
- Cargo and leasing outlook remains positive. 
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
)
)