Icelandair to hit top end of 2016 guidance
Icelandair is expecting to report a full-year EBITDA at the top end of its US$210-$220m revised guidance, but has warned that EBITDA will drop to $140-$150m in 2017 because of volatile market conditions. Updating the market Feb 2, Icelandair described 2016 as a good year that will “be close to the upper limit” of its guidance, but added there is increased uncertainty in the short term. Icelandair had originally predicted a $235-$245m EBITDA for 2016, but this was downgraded in July 2016. Looking to the coming year, the company warned of further stresses on the business. “The inflow of bookings at Icelandair has changed for the worse recently. Bookings have come in slower than anticipated and average airfares on the market have decreased more than forecasted,” the group said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-02-03/unaligned/icelandair-to-hit-top-end-of-2016-guidance
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Icelandair to hit top end of 2016 guidance
Icelandair is expecting to report a full-year EBITDA at the top end of its US$210-$220m revised guidance, but has warned that EBITDA will drop to $140-$150m in 2017 because of volatile market conditions. Updating the market Feb 2, Icelandair described 2016 as a good year that will “be close to the upper limit” of its guidance, but added there is increased uncertainty in the short term. Icelandair had originally predicted a $235-$245m EBITDA for 2016, but this was downgraded in July 2016. Looking to the coming year, the company warned of further stresses on the business. “The inflow of bookings at Icelandair has changed for the worse recently. Bookings have come in slower than anticipated and average airfares on the market have decreased more than forecasted,” the group said. <br/>
