• Icelandair Group posted Q2 revenue of USD 496.2 million, up 7% year-on-year.
• EBIT swung to a loss of USD 29.6 million from a profit, while net results turned to a loss of USD 32.3 million.
• Fuel expenses rose USD 72.5 million year-on-year, or USD 41 million net of hedging gains.
• Liquidity totaled USD 603.6 million at quarter-end, up USD 31.4 million from Q2 last year.
• Management raised fares, adjusted capacity, decided to phase out Boeing 757s earlier; Q3 EBIT expected to improve, unit revenues seen at record levels.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Icelandair Group hf. published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein.