Icelandair Group hf. Provided earnings and operating guidance for the first quarter of 2015. For the quarter, the company announced that the results will be better than forecasted at the beginning of the year, mainly due to increased sales and better utilization. EBITDA will be negative in the range of USD 2 million to USD 4 million.

For the quarter, the load factor on international flights was 4.9 percentage points higher than in first quarter 2014 and utilization of hotel rooms was 7.8 percentage points higher.

For the year, the company anticipates that EBITDA will be in the range of USD 160 million to USD 165 million. The results are very sensitive to external factors such as currency and fuel price fluctuations and uncertainty in the labour market in Iceland can have significant impact on the results.