Icelandair posts record Q3 2026 revenue and higher EBIT but guides to Q4 loss
Icelandair reported record third-quarter 2026 revenue of $655 million and EBIT of $120.3 million. The company expects a loss in the fourth quarter and for the full year.
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what happened
According to TradingView, Icelandair's revenue in the third quarter of 2026 reached a record $655.0 million, up 12% year on year. EBIT came in at $120.3 million, an improvement of $45.9 million, and the EBIT margin rose to 18.4% from 12.7%. Net profit was $96.7 million, compared with $57.3 million a year earlier.
Unit revenue climbed 18%, driven by a 17% rise in yield and a 0.6 percentage-point gain in load factor. Higher fuel costs added $12.9 million net of hedging gains, and a September strike led by the Association of Aircraft Maintenance Technicians cut EBIT by $4.0 million. Liquidity at quarter-end was $550.3 million.
For the fourth quarter, the company expects continued cost pressure, mainly from high fuel prices. For full-year 2026, EBIT is expected to be between negative $20 million and negative $30 million.
why it matters
The key takeaways for markets are the guided loss and elevated fuel prices, which squeeze airline margins. Weak Icelandic krona exchange rates against the dollar add pressure on the company, while the results also show ongoing cost-cutting efforts.
market impact
Airlines and jet fuel: high fuel prices pressure Icelandair's margins into the fourth quarter
tags
instruments
sources
- Icelandair: financial results Q3 2026 — TradingView, 22 October 2026 at 17:06 UTC
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