THIS RESULT NOTE WAS SENT TO PAYING SUBSCRIBERS EARLIER AND IS NOW MADE PUBLIC

Icelandair's Q2 EBITDA of USDm 15,4 came in USDm 22,4 below AKKUR's estimate - a fuel-driven miss AKKUR assesses as Mixed-Negative, with record revenue, yields and load factor at or above estimate - while strong Q3 guidance and favourable fuel mechanics lift AKKUR's FY 2026 EBIT estimate to USDm 19,9 from 11,0.

Below is the result note for the ICEAIR Q2 2026 results.

AKKUR - Greining og ráðgjöf