Icelandair Group hf. reaffirmed earnings guidance for the full year 2023. The company is take everything into the account, EBIT guidance for the year remains the same, and the company is expected to return net of it for the full year.

But as always, the guidance is subject to change, unforeseen events and economic developments. And just to show how big impact cargo is having on results, current EBIT guidance for this year would be in the range of 5% to 6%, instead of 3.3% to 4.3% if the cargo operations would be normal. And normal in this respect means average EBIT in the year of 2013 to '22, excluding year '20 and '21, which were unusually strong years for the cargo sector because of COVID.