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4-Traders Homepage  >  Equities  >  NASDAQ OMX ICELAND  >  Icelandair Group hf    ICEAIR   IS0000013464

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Icelandair : Pack Less, Pay Less with Icelandair as new fare option is launched

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10/04/2017 | 05:43pm CEST

Today, Icelandair has released a new pricing structure giving passengers more fare options when booking travel. The newest fare level, Economy Light, will reward passengers who travel with less, while providing the same on-board service and amenities Icelandair passengers have grown to expect. Economy Light passengers will be able to pre-select their seats in the same Economy Cabin as other passengers, with an allowance of up to 10kg (22lbs) of carry-on luggage included.

"We are making some progressive changes in our service and among those is Economy Light. This option is designed for travellers taking a short weekend getaway or a quick business trip abroad. The new fare is also perfect when traveling with family members that dont require additional luggage such as children, or couples who can pack together. These passengers will enjoy the same quality of service from Icelandair including in-flight entertainment, non-alcoholic beverages, gate-to-gate wi-fi access and comfortable, spacious seats," said Gumundur skarsson SVP of Sales & Marketing.

As part of the new structure, Icelandair Economy Class will become Economy Standard, and Icelandair Economy Class Flex will become Economy Flex. Both these fares still offer competitive pricing and greater flexibility, along with one checked bag and one carry-on bag included.

"We are widening our product options to meet the various needs of our passengers. This will make traveling more flexible and affordable, to better serve the many different types of travellers who fly with us," Oskarsson concluded.

Icelandair has been in operation since 1937 and celebrates its 80th anniversary this year. As an aviation pioneer, Icelandair continues to grow by adding new aircraft to its modern fleet, more destinations and popular amenities, including over 600 hours of personal in-flight entertainment and gate-to-gate Wi-Fi access available on all routes. Today, the company flies to 20 North American gateways and more than 25 cities in Europe. Its projected that Icelandair will transport four million passengers in 2017.

Icelandair also allows passengers to take an Icelandair Stopover for up to seven nights at no additional airfare on their journey between Europe and North America.

For additional information about Icelandair's fares to Iceland and beyond, including Icelandair's new Economy Light fares, please visit www.icelandair.co.uk

For UK press information please contact Sarah Gormley at Tree Communications on [email protected] or by phone on 07919 886488.

Icelandair

Icelandair's geographic position on the shortest flight path between Europe and North America means it offers some of the quickest transatlantic routes.

From the UK, Icelandair flies from Heathrow, Gatwick, Manchester, Birmingham, Glasgow, Aberdeen* and Belfast* (from June) airports via Iceland to New York (JFK & Newark), Orlando, Vancouver, Chicago, Toronto, Boston, Seattle, Washington DC, Montreal, Anchorage, Portland, Denver, Minneapolis, Edmonton, Halifax and Philadelphia. Flights to Tampa began on 6th September 2017 and now Cleveland and Dallas Forth Worth will begin in May 2018.

*flights from Belfast and Aberdeen are operated by Air Iceland Connect

Website http://www.icelandair.co.uk/ for bookings or customer service contact +44 (0) 20 7874 1000

www.facebook.com/icelandair https://www.instagram.com/icelandair

Twitter @icelandair www.youtube.com/icelandair

.

(c) 2017 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials ( ISK)
Sales 2017 142 B
EBIT 2017 4 718 M
Net income 2017 -
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
Capi. / Sales 2017 0,54x
Capi. / Sales 2018 0,49x
Capitalization 77 073 M
Chart ICELANDAIR GROUP HF
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Icelandair Group hf Technical Analysis Chart | ICEAIR | IS0000013464 | 4-Traders
Technical analysis trends ICELANDAIR GROUP HF
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 1
Average target price 25,6  ISK
Spread / Average Target 66%
Managers
NameTitle
Björgólfur Jóhannsson President, CEO & Head-Media Relations
Úlfar Steindórsson Chairman
Bogi Nils Bogason Chief Financial Officer & Media Relations Contact
Katrín Olga Jóhannesdóttir Independent Director
Ásthildur Margrét Othardóttir Director
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