ICEAIR Icelandair Group Holding

Structural changes at Icelandair Group

Structural changes at Icelandair Group

Icelandair Group CEO Björgólfur Jóhannsson: “We have in recent months been working on an extensive analysis of the Company’s business, its strategy and future focus. A large group has been involved in this work over the past months, including some 600 employees of the Company. The changes we are making now are the results of this work. The objective is to sharpen still further the focus in our sales and marketing, on the one hand, and services to customers on the other hand, thereby strengthening the Company for the future.”

A new division, Customer Experience, will take over all aspects of the Company’s operations relating to customers’ experience of Icelandair’s services. Birna Ósk Einarsdóttir, who joined the Company at the beginning of the year as Chief Business Development Officer, will lead the new division. Among other things, the division will be responsible for on-board services, frontline services, the customer loyalty programme, ancillary revenue and product development. At the same time, digitalization and data processing will become a part of the division, as well as strategic planning and business development.

The operations of Icelandair’s Sales and Marketing division and Icelandair Cargo will be lead by the Chief Commercial Officer. Gunnar Már Sigurfinnsson, who has been MD of Icelandair Cargo for the last ten years, will be Chief Commercial Officer.  He served as SVP of Sales and Marketing at Icelandair from 2005-2008. Following the changes, Sales and Marketing will assume responsibility for the Company’s sales in all markets, marketing affairs, revenue control, pricing, route network and distribution.

The change will reduce the Company’s Executive Committee by one member. Guðmundur Óskarsson, who has served as Chief Commercial Officer, will leave the Committee.  He will continue to work for the Company.



About Birna Ósk Einarsdóttir and Gunnar Már Sigurfinnsson:

Birna Ósk Einarsdóttir joined Icelandair in January 2018 as Chief Business Development and Strategy Officer. She previously served as Executive Vice-President of Marketing and Business Development for Landsvirkjun. She worked as an executive for the IT company Síminn from 2011, most recently as head of sales and services. Birna worked for Síminn from 2001.

Gunnar Már Sigurfinnsson was appointed MD of Icelandair Cargo in May 2008. Before that time, he was SVP of Sales and Marketing at Icelandair from 2005-2008. Gunnar Már worked as General Manager of the Germany, Netherlands & Central Europe regions from 2001-2005 and he was Sales Officer for Icelandair in Germany from 1997-2000.  Gunnar has served in various other positions within the Company from the year 1986.



For further information please contact:

Björgólfur Jóhannsson, President and Chief Executive Officer of Icelandair Group, tel:

Bogi Nils Bogason, Chief Financial Officer of Icelandair Group, tel:

EN
18/07/2018

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Icelandair Group Holding

 PRESS RELEASE

Icelandair: Considerable increase on the via market, improved load fac...

Icelandair: Considerable increase on the via market, improved load factor and on-time performance In March 2024, Icelandair transported 298 thousand passengers, which represents a 25% increase in passenger traffic as measured by Revenue Passenger Kilometers (RPK) on a capacity increase of 22% compared to March 2023. During the month, 39% of passengers were traveling to Iceland, 19% from Iceland, 34% were via passengers, and 8% were traveling within Iceland. Load factor was 83.1% and on-time performance was 88.5%, increasing by 4.7 ppt from the already solid performance in March 2023. Bogi ...

 PRESS RELEASE

Icelandair: Mikil aukning tengifarþega, betri sætanýting og stundvísi

Icelandair: Mikil aukning tengifarþega, betri sætanýting og stundvísi Heildarfjöldi farþega Icelandair var 298 þúsund í mars. Farþegaflutningar hjá félaginu jukust um 25%, mældir í tekjufarþegakílómetrum (e. Revenue Passenger Kilometer) og framboð jókst um 22% frá mars 2023. Í mánuðinum voru 39% farþega á leið til Íslands, 19% frá Íslandi, 34% voru tengifarþegar og 8% ferðuðust innanlands. Sætanýting var 83,1% og stundvísi var 88,5%, 4,7 prósentustigum hærri en stundvísi í mars 2023 sem var þó mjög góð. Bogi Nils Bogason, forstjóri Icelandair: „Við sjáum áframhaldandi góðar farþeg...

 PRESS RELEASE

Icelandair: Net profit is expected to increase between years with EBIT...

Icelandair: Net profit is expected to increase between years with EBIT ratio of 2-4% Icelandair is issuing financial guidance for the full year 2024. Uncertainty in the operating environment, as reported in the 2023 results announcement on 1 February 2024, has decreased with diminishing impact of inaccurate international media coverage of the volcanic activity in Southwest Iceland on bookings and the conclusion of the collective bargaining agreements in the private sector in Iceland.   Capacity in 2024, as measured in Available Seat Kilometers (ASK), is expected to increase by 10% year-on...

 PRESS RELEASE

Icelandair: Gert ráð fyrir auknum hagnaði á milli ára og að EBIT hlutf...

Icelandair: Gert ráð fyrir auknum hagnaði á milli ára og að EBIT hlutfall verði 2-4% Icelandair gefur nú út afkomuspá fyrir árið 2024. Óvissa í rekstrarumhverfinu, sem fjallað var um í tilkynningu með uppgjöri ársins 2023 hinn 1. febrúar síðastliðinn, hefur minnkað. Bæði hafa áhrif af ónákvæmum fréttum af eldsumbrotum á Reykjanesi á bókanir minnkað ásamt því að nýgerðir langtíma kjarasamningar á almennum vinnumarkaði skapa meiri stöðugleika.   Gert er ráð fyrir að flugframboð, í sætiskílómetrum, aukist um 10% frá fyrra ári. Áherslan verður á að auka framboð inn á markaði sem hafa mikla te...

 PRESS RELEASE

Icelandair: New Market Making Agreements

Icelandair: New Market Making Agreements Icelandair Group hf. (“Icelandair”) has entered into an agreement with Íslandsbanki hf. for market making of shares issued by the Company traded on the Nasdaq Iceland Regulated Market. The purpose of the agreement is to maintain the liquidity of Icelandair's shares, create a market price and the price formation of the shares in the most efficient and transparent manner.   The agreement stipulates that Íslandsbanki shall submit daily bids and offers to buy and sell Icelandair’s shares in the trading system of the Icelandic stock exchange. Each bid a...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch