Icelandair reports record operating income of $414.2 million in Q2, 2023

Icelandair achieved its strongest second-quarter results since 2016, driven by record passenger revenue, high load factor, and improved yields. Icelandair recorded a profit in the first half of the year citing lower fuel prices and increased efficiency from the Boeing 737 MAX. The airline reported a profit of $13.7 million as compared to $3.8 million in Q2 of 2022 with an EBIT of $20.9 million, up by $19.6 million year-on-year. The airline reported a record operating income of $414.2 million with an increase of 26% year-on-year with a leasing revenue up by 41% resulting in strong profitability. The airline carried about