Icelandair Group: 10% increase in fuel prices to have USD3.3m adverse impact on EBITDA

31 October, 2018

Icelandair Group reported (30-Oct-2018) the price of jet fuel (net of hedging) is projected at USD760 per ton on average over 4Q2018, as compared to the estimate of USD715 per ton in the EBITDA guidance published at the end of Jun-2018. Taking hedging into account, a 10% increase in fuel prices may be expected to have a USD3.3 million adverse impact on EBITDA. [more - original PR]