Icelandair Group: Forecasts of rising average air fares have not materialised

    Icelandair Group president and CEO Björgólfur Jóhannsson stated (31-Jul-201) the company’s forecasts of rising average air fares in the second half of the year have not materialised, “in spite of the significant rise in fuel prices”. He said: “Part of the reason is the competition in our markets, which has rarely been as fierce as it is now”. Icelandair Group continues to anticipate that the “rising prices of resources will in due course result in higher average air fares”. [more – original PR]