Icelandair Group
 |
|
| Hlutafélag | |
| Traded as | Nasdaq Iceland: ICEAIR |
| Industry | Aviation, travel |
| Founded | 1937 |
| Headquarters | Reykjavík, Iceland |
|
Key people
|
Björgólfur Jóhannsson (President and CEO), Sigurður Helgason (Chairman) |
| Revenue | ISK 96.93 billion (2011) |
| ISK 4.735 billion (2011) | |
| Profit | ISK 4.452 billion (2011) |
| Total assets | ISK 89.466 billion (end 2011) |
| Total equity | ISK 32.291 billion (end 2011) |
|
Number of employees
|
2,950 (FTE, average 2011) |
| Website | www.icelandairgroup.com |
Icelandair Group hf is an Icelandic travel industry corporation, the owner and holding company of the airline Icelandair and several other travel industry companies in Iceland. The Group's headquarters are at Reykjavík Airport in Reykjavík.
The corporation is the largest in Iceland with 125 billion ISK in revenue in 2013.
Icelandair Group focuses on the international airline and tourism sectors, with Iceland as the cornerstone of its international route network. The business concept of the Group is built exclusively on Icelandair's route network and on marketing Iceland as a year-round destination.
During 2013 the Group employed an average of 2.850 full-time employees. 1.387 of those were employed by Icelandair. The number of employees had been rising steadily from 2.028 in 2010.
Icelandair Group is the parent company of nine subsidiaries that form the two business segments of Route Network and Tourism Services. In addition to passager flights operated by Icelandair, the Group has vast interests in most aspects of Icelandic tourism and aviation, including hotel chains, travel agencies, domestic airlines and cargo, support services, as well as fledging ACMI and lease operations.
Icelandair Group traces its roots to the year 1937 when a fledging airline, Flugfélag Akureyrar, was founded at Akureyri on the north coast of Iceland. In 1943 the company moved its headquarters to the capital Reykjavík and changed its name to Air Iceland, which later assumed the international trade name Icelandair.
In 1944 another Icelandic airline was founded, Loftleiðir, by three young pilots returning from flight training in Canada. Initially, both companies concentrated on Icelandic domestic air services but then began international flights between Iceland and other countries. In 1953 Loftleiðir pioneered low-fare services across the North Atlantic and became quite successful for the greater part of two decades.
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Wikipedia