Profits up by 18% for Icelandair

Icelandair Group has posted an 18% increase in 2014 net profit to $66.5 million. Revenue rose by 8.8% to $1.11 billion from $1.02 billion in 2013. EBITDA increased by 7% to $154.3 million. Icelandair carried 15% more passengers in 2014 to a record 2.6 million. Load factor was up 1.1% to 80.4%. The bulk of the increase in passenger numbers was from a 23% increase in passenger on the Europe-North America service via Iceland. “The Group’s performance in 2014 exceeded management projections from the beginning of the year, with EBITDA at the upper limits of the company’s most recent earnings