Icelandair Group domestic operation showing signs of recovery in 1Q2021

Icelandair Group CEO Bogi Nils Bogason reported (29-Apr-2021) a focus on network management and a "strong" cargo performance resulted in "acceptable" financial results for 1Q2021. Mr Bogason stated: "Our domestic operation is showing signs of recovery and we believe that its integration into our international operations, completed in the quarter, will result in a stronger and more streamlined airline as well as improved services to our customers". The group's outlook for cargo operations continues to be favourable. Recent investments in Icelandair's cargo fleet aim to increase cargo capacity in its markets and strengthen Iceland as a cargo hub between continents. [more - original PR]