Icelandair Group reports 4Q2009 and FY2009 financial highlights

Total turnover was ISK 18.2 billion, increasing by 4% in the corresponding period of last year. EBITDA was negative by ISK 219 million, as compared to a negative result of ISK 894 million in the corresponding period of last year. EBIT was negative by ISK 2.4 billion, as compared to a negative result of ISK 8.7 billion at the same time last year. Depreciation amounted to ISK 2.7 billion, down by ISK 5.1 billion from the preceding year.