Icelandair president & CEO Björgólfur Jóhannsson resigned Aug. 27 as the group further lowered its EBITDA guidance for 2018 to $80-$100 million, down by about 50% since the beginning of the year. The Icelandic company was originally expecting a $170-$190 million full-year EBITDA, but on July 10 lowered the guidance to $120-$140 million. Jóhannsson said the updated forecast is “mainly based on the fact that the company’s revenue will be lower than ...

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