Icelandair preparing for an efficient 'ramp-up' for when market conditions recover

Icelandair stated (22-May-2020) it is preparing for an efficient "ramp-up" when market conditions recover and opportunities arise. Details include:

• Further actions to secure competitiveness:
  • Negotiate union agreements with pilots, cabin crew and mechanics as well as renegotiate contracts with key suppliers;
  • Adjust fleet plan to capture opportunities;
  • Obtain liquidity support from lenders, aircraft lessors and key vendors;
• Methods to ensure the carrier is prepared to 'ramp-up' quickly:
  • Powerful sales network and distribution channels ensuring fast reach to key markets;
  • Adaptable hub and spoke route network to meet differently timed demand;
  • Strong and flexible infrastructure;
  • Experience dealing with high fluctuations in the business. [more - original PR]