Icelandair revises flight schedule as 737 Max grounding impacts Q2 2019 results

In its latest financial results, Icelandair has revealed that it lost $41 million during the second quarter of 2019. This represents an increase in losses of 63% compared to the same period last year, when the company lost $25.1 million. When looking at its half-year results, the company lost $86.5 million, compared with $52 million during the same period last year – an increase of 66%. It’s being reported that the grounding of Boeing’s 737 Max jets since March, of which Icelandair has six aircraft, has greatly affected the airline’s operation this year, costing the company an estimated $50 million