Which Nordic airline has best bottom line?

Icelandair posts best result among major Nordic airlines

A day before the publication of quarterly results from SAS – due to be announced on Thursday morning at 08.00 – it is possible to say who in Nordic aviation has the best third-quarter result. And it is not Norwegian or Finnair, while SAS is clearly struggling despite its message last week that it would present a positive result.
Icelandair posted the best result among the major Nordic airlines, with a 16.2% increase in net profit to the equivalent of €40.2 million on a turnover of €248 million. That was slightly better than Norwegian’s 14.9% rise in net profit to €86 million on a turnover of €577.5 million. As previously reported, Finnair’s Q3 result was up 7.8% to €50.8 million on a turnover of €650.3 million.
[photo courtesy Icelandair]


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