Icelandair Group hf reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported EBITDA was $42.9 million against $28.8 million a year ago. EBIT was $24.8 million against $14.5 million a year ago. EBT was $23.3 million against $17.8 million a year ago. Profit attributable to the owners of the company was $18.490 million or $0.37 per share against $14.319 million or $0.29 per share a year ago. Higher revenue was main reason for the increase in EBITDA. Net cash from operating activities was $106.436 million against $72.214 million a year ago. Capex was $27.229 million against $20.697 million a year ago. Operating income was $265.6 million against $234.4 million a year ago.

For the six months, the company reported EBITDA was $34.6 million against $25.8 million a year ago. EBIT was $1.8 million against LBIT of $2.2 million a year ago. EBT was $0.382 million against $1.2 million a year ago. Profit attributable to the owners of the company was $0.201 million or $0.00 per share against $1.130 million or $0.02 per share a year ago. Capex was $70.331 million against $43.675 million a year ago. Net cash from operating activities was $184.889 million against $158.352 million a year ago. Net interest bearing debt was $85.022 million against $21.994 million a year ago. Operating income was $438.6 million against $392.1 million a year ago.

For the year 2013, the company updated EBITDA forecast to $140 million to $145 million.