Icelandair: Better results in Q1 2015 than was forecasted

24-Apr-2015 According to a draft Interim Financial Statement for Q1 the results will be better than forecasted at the beginning of the year, mainly due to increased sales and better utilisation. EBITDA will be negative in the range of USD 2-4 million. The load factor on international flights was 4.9 percentage points higher than in Q1 2014 and utilisation of hotel rooms was 7.8 percentage points higher. On the other hand EUR/USD has been more unfavourable than expected.