Icelandair Group has lowered its EBITDA guidance for the 2018 financial year by $50 million, because of slower-than-expected yield growth and higher fuel costs. The Icelandic company was originally expecting a $170-190 million full-year EBITDA, but this has now been cut to $120-140 million. “The situation we are confronted with at present is a considerable disappointment. The average-fare trends we assumed for the second half of the year do not appear to be materializing and, for ...

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