Icelandair has reported a profit of US$11 million for the full year 2023, a turnaround from the US$6 million loss reported in 2022. “It is an important milestone to turn a profit after taxes in 2023 following many challenging years. Revenue generation was very strong during the year with strong demand in all our markets, especially from North America to Iceland,” said Bogi Nils Bogason, president and CEO of Icelandair. The airline credits strong revenue generation during the year, reaching US$1.524bn, with record unit revenue at 8.4 cents. Earnings before Interest and Tax (EBIT) was negative in the fourth quarter

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